Ingersoll-Rand to Sell Hussmann Business to Clayton, Dubilier & Rice

Ingersoll-Rand plc entered into a stock purchase agreement to sell its Hussmann business to a newly-formed entity owned by affiliates of Clayton, Dubilier & Rice, LLC. The transaction involves the refrigerated display case equipment business and certain service and installation branches across multiple countries.

“On August 6, 2011, IR, on behalf of itself and certain of its subsidiaries entered into a Stock Purchase Agreement (the “Agreement”) with Hussmann Acquisition Inc. (“Buyer”), a newly-formed entity owned by affiliates of Clayton, Dubilier & Rice, LLC and CD&R Hussmann Holdings, L.P. ( “CD&R”) related to the sale of IR’s Hussmann business”

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