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Emerson acquires Spence and Nicholson product lines for $84.5M

Emerson Electric Co. acquired certain Spence and Nicholson product lines from CIRCOR International Inc. for approximately $84.5 million in cash.

The Spence and Nicholson product lines provide steam regulators, steam traps, control valves, temperature regulators and related solutions to the district heating industry.

The deal closed Aug. 30.