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ProTeam Inc. acquired by Emerson Electric Company

September 04, 2009
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BOISE, ID — ProTeam Inc. recently announced that it has been acquired by Emerson Electric Company, effective Wednesday, September 2, 2009, according to a press release.
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."
ProTeam will become part of the globally operating Emerson Professional Tools platform, the release noted.
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.
Click here to read the complete release.
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