This acquisition brings a leading manufacturer of wet/dry utility vacuums and a leading provider of commercial vacuums together, the release stated.
ProTeam President Matt Wood said: "This is the partnership of two very successful companies. This strategic acquisition will strengthen and broaden Emerson''s line of products, while providing ProTeam with new growth opportunities and synergies through complementary product portfolios, channels and operations."
Tim Ferry, president of Emerson Tool Company
, said: "ProTeam''s outstanding reputation for products and service is a perfect fit for helping us build the Emerson Professional Tools platform."
Sales for fiscal year 2008 were $24.8 billion, contributing to Emerson''s rank of 94th
on the Fortune 500
list of America
’s largest companies, the release added.