Emerson announced 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.
Courtesy of Emerson.