Dublin, Ireland: Ingersoll Rand is understood to be in final discussions with private equity firm Clayton Dubilier & Rice to sell its Hussmann refrigeration business, according to Reuters.
St Louis, Missouri-based Hussmann provides display cases, refrigeration systems, installation and service to supermarkets, mass merchants, warehouse clubs, convenience stores, drug stores and foodservice establishments around the world. Its products include refrigerated and non-refrigerated display merchandisers, refrigeration systems, evaporative condensers, heat exchange coils, beverage coolers, walk-in coolers and freezers, and other related products.
Earlier this year Ingersoll Rand chief executive Mike Lamach revealed that the company was on track to sell Hussmann by the end of the third quarter.
