Nov. 29, 2007: American Standard Companies Changes Name to Trane
November 29, 2007
PISCATAWAY, N.J. - Trane has made its official debut as the new name for the company previously known as American Standard Companies. Shares of Trane will trade under the symbol “TT” on the New York Stock Exchange (NYSE), the same shares that traded under the symbol “ASD” when the company was known as American Standard Companies.
The name change “marks the successful completion of our separation plan announced in February,” said Fred Poses, chairman and CEO. “Since then, we’ve spun off our vehicle control systems business and sold our bath and kitchen business. Our new name reflects our business focus and our global leadership in providing integrated HVAC systems, services, and solutions.”
Trane provides its products and services to a broad range of commercial and residential customers. The business employs more than 29,000 people worldwide and generated sales of $6.8 billion in 2006. Trane markets its HVAC systems, services, and solutions under two brands: Trane® and American Standard®.
Earlier this year, Trane was one of the first four energy services companies asked to participate in the Clinton Climate Initiative (CCI), a program launched by former President Bill Clinton to reduce greenhouse gas emissions in 40 of the world’s largest cities. In addition, Trane’s CenTraVac™ chilled water system won the 2007 “Best-of-the-Best” Award from the U.S. Environmental Protection Agency (EPA) for contributions to stratospheric ozone protection.
For more information, visit www.trane.com and www.americanstandardair.com.
Publication date: 11/26/2007