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Hussmann Parent Buys Taylor Industries

March 15, 2001
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WOODCLIFF LAKE, NJ — Ingersoll-Rand (IR), parent company of Hussmann Corp., has acquired Taylor Industries and an affiliate business, Taylor Refrigeration, Des Moines, IA. Taylor distributes, installs, and services refrigeration equipment, food service equipment, and electric doors.

According to Herbert L. Henkel, chairman, president, and ceo of IR, “Taylor expands Hussmann’s equipment distribution, installation, and service businesses, extends our branch network, and fills a geographic gap to serve regional Midwest grocery chains.”

Taylor has revenues of approximately $65 million, 200 employees, and six facilities in the Midwest, according to IR. Taylor already has been a distributor of Hussmann equipment for 60 years. Terms of the acquisition were not disclosed.

“Taylor provides an excellent example of an operating philosophy we are driving throughout IR, which we call ‘Dual Citizenship,’“ said Henkel. “Dual Citizenship simply means that we will actively seek to leverage the knowledge of IR people and the resources of IR businesses throughout the company, which in turn will deliver superior value for customers and shareowners.”

Publication date: 03/19/2001

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