Ingersoll Rand to Sell Minority Interest in Hussmann Refrigeration Business to Panasonic
Transaction is anticipated to close in the first half of 2016
SWORDS, Ireland — Ingersoll-Rand plc announced it will sell its remaining equity interest in its Hussmann refrigeration business as part of a transaction in which Panasonic Corp. is acquiring 100 percent of Hussmann’s shares.
Ingersoll Rand expects to receive net proceeds of approximately $400 million. The transaction is anticipated to close in the first half of 2016, subject to customary approvals and closing conditions.