Ingersoll Rand agrees to acquire FRIGOBLOCK for €100 million

Ingersoll-Rand plc entered into an agreement to acquire transport refrigeration unit maker FRIGOBLOCK for €100 million, expected to close in the first half of 2015 subject to regulatory approval; FRIGOBLOCK would join its Thermo King Transport Solutions business.

“SWORDS, Ireland — Ingersoll-Rand plc announced that it has entered into an agreement to acquire FRIGOBLOCK for €100 million. The acquisition is expected to close in the first half of 2015, subject to regulatory approval.”

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