Emerson completes sale of remaining interest in copeland to blackstone

St. louis and new york , aug. 13, 2024 /prnewswire/ -- emerson (nyse: emr) announced today that it has completed the sale of its remaining interest in the copeland joint venture, the 40% common equity ownership stake, to private equity funds managed by blackstone ("blackstone"). as a standalone company focused on serving the global hvac and refrigeration market, copeland's product portfolio includes market-leading compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers.
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