Emerson Sold Knaack to Werner for $115M (EMR, UTEK)
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** Emerson Electric Co. (NYSE:EMR) reported that it has sold Knaack, L.L.C., its jobsite, truck and van storage business, to Werner Co., a world leader in ladders and other commercial climbing and safety equipment.

Online PR News – 08-September-2012 –EMR, Emerson Electric Co.

EMR reported that it has sold Knaack, L.L.C., its jobsite, truck and van storage business, to Werner Co., a world leader in ladders and other commercial climbing and safety equipment. The purchase price was $115 million. EMR is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. More about EMR at www.Emerson.com.

UTEK, Ultratech, Inc.

UTEK was downgraded from Buy to Neutral by Brokerage Firm DA Davidson UTEK is a leader in both of its major technology markets—advanced packaging and laser processing. More about UTEK at www.ultratech.com

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