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Emerson Electric Co Announces Sale of Knaack, L.L.C To Werner Co


Friday, 7 Sep 2012 03:00pm EDT 

Emerson Electric Co announced it has sold Knaack, L.L.C., its jobsite, truck and van storage business, to Werner Co., is in ladders and other commercial climbing and safety equipment. The purchase price was $115 million. Knaack, L.L.C., based in Crystal Lake, Illinois, is a unit of the Emerson Commercial & Residential Solutions business. Knaack’s brands include the KNAACK jobsite storage systems and WEATHER GUARD truck and van storage equipment. Werner, headquartered in Greenville, Pennsylvania, has manufacturing facilities in North America, Europe and Asia, specializing in stepladders, scaffolding, extensions, multi-ladders, stepstools, attic/loft ladders, mobile towers, and ramp and truck racks. 

Company Quote

67.1
-0.1 -0.15%
11 Jul 2014