Ingersoll Rand expands air treatment portfolio with acquisitions
Ingersoll Rand Inc., a global provider of mission-critical flow creation and life science and industrial solutions, has acquired G & D Chillers Inc. (G & D) and Advanced Gas Technologies Inc. (AGT) for a combined purchase price of approximately $27 million.
U.S.-based G & D builds premium glycol chillers to cool liquids, especially in applications requiring temperatures below freezing, like in breweries, wineries, and food processing. G & D expands Ingersoll Rand’s manufacturing, engineering, and engineer to order (ETO) capabilities for chillers in the North American market.
AGT, headquartered in Ontario, Canada, is a custom designer and supplier of onsite gas generation systems serving industrial customers primarily in Canada. This acquisition adds new packaging capabilities and an established channel presence.
G & D and AGT will both join the Industrial Technologies and Services segment (IT&S).
“I would like to extend a warm welcome to the employees of G & D and AGT,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “Both are solid businesses with strong performance and growth potential backed by great teams. Their offerings in the air treatment space will be beneficial as we continually look for ways to better serve our customers.”
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Industrial Supply Co. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
