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Ingersoll-Rand Eyes Hussmann Unit Sale

Industrial conglomerate, Ingersoll-Rand, is selling its Hussmann refrigeration business.

    Industrial conglomerate,Ingersoll-Rand, is selling itsHussmann制冷,Reutersreports. The St Louis-based unit, which provides supermarkets and food retailers with display cases, refrigeration systems and beverage coolers, is expected to fetch under $1 billion.

    Companies, including private equity firm,Warburg Pincus, are interested in the unit. The seller is being advised by摩根大通(JP Morgan Chase)on the sale. In 2000, Ingersoll-Rand acquired Hussmann, founded in 1906 byHarry Hussmann, for $1.55 billion in cash.

    Click here for the story fromReuters.

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