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Allegion spun off from Ingersoll Rand Plc on 1 December 2013, and became a standalone, publicly traded company. This placed Allegion on the S&P 500, where it replaced JC Penney. [6] David D. Petratis was announced chairman of the board, chief executive officer and president of the company, in August 2013. [7]
Allegion, Ingersoll Rand's New Security Spinoff, Names Additional Members of Leadership Team Appointments reflect commitment to operational excellence, superior customer service and innovation ...
Schlage remained an Ingersoll Rand subsidiary for nearly 40 years, until Schlage and other security hardware companies were spun off as part of Allegion, formed in December 2013. [12] After 73 years of operation, the Schlage Lock Co. Bayshore factory was closed in 1999. [13]
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 ...
Ingersoll Rand Announces David D. Petratis Will Serve as Chairman, President and Chief Executive Officer of Allegion Petratis to Start Aug. 5; Spinoff of Ingersoll Rand Security Business on Track ...
Ingersoll Rand Announces Proposed Private Offering of Senior Notes by Allegion SWORDS, Ireland--(BUSINESS WIRE)-- Ingersoll-Rand plc (NYS: IR) (the "Company," "we" and "our") today announced that ...
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 ...
Dublin, Ireland-based heavy industrial manufacturer Ingersoll-Rand is laying the groundwork for spinning off its Indiana-based, Ireland-registered Allegion subsidiary. On Tuesday, Ingersoll named ...
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