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Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all ...
In August 2014, it was announced that Ingersoll-Rand would acquire the centrifugal compression unit of Cameron International for $850 million. [10] In October 2018, Ingersoll Rand received takeover interest in its power tools business, which was slated to be worth up to $750 million in a potential sale. Power Tools is the oldest business with ...
On January 1, 1987, Dresser Industries and Ingersoll-Rand merged their common businesses to form Dresser-Rand Group with headquarters in Corning, New York. The newly formed company had 10 manufacturing and testing facilities, 70 sales offices, 30 service centers and more than 7,300 employees.
In 1905, the company merged with Rand Drill Company, which six years prior had begun manufacturing compressors in Painted Post, New York. The result was the Ingersoll Rand Company. [6] In 2000, Flowserve purchased Ingersoll-Dresser Pumps, a business unit of Ingersoll-Rand, for $775 million, creating the world’s second largest pump company. [7]
In 1962 the company was acquired by Ingersoll Rand. [5] In 1982, Ingersoll Rand sold the Millers Falls business to the newly created Millers Falls Tool Co. The company was headquartered in Alpha, New Jersey. [6] Since 2002 the company trademark has belonged to Hangzhou Great Star Industrial, of Hangzhou, China.
The less-profitable needle business, which had been the original basis of the company for 114 years, was forced to be abandoned by Ingersoll-Rand in 1980. In 1980, it was the largest employer in Torrington. [3] In 2003 Torrington was purchased by the Timken Company, nearly doubling its size. [4]
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