Market commentary Jan 2008 Verified
American Standard HVAC Brand Retention Post-Acquisition
Ingersoll Rand confirms it will retain the American Standard HVAC brand after the acquisition closes. The growth strategy targets $1 billion in sales by 2010, with commitments to invest in people, product, and brand awareness.
“Yes. The American Standard brand remains a meaningful and important part of our HVAC business. The overall growth strategy and vision for the brand is to reach $1 billion in sales by the year 2010.”
Entities
Ingersoll-Rand Company Limited · Acquirer Trane Inc. · Target
HVAC Sentiment: Positive
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.