Dec. 22, 2014: Ingersoll Rand to Acquire FRIGOBLOCK
Move Broadens Portfolio of Transport Refrigeration Products and Services
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.
FRIGOBLOCK designs and manufactures transport refrigeration units for trucks and trailers in Europe, primarily sold in Northern Europe. The company operates in Essen, Germany, and is home to about 150 employees. Its annual revenue is approximately €41 million.