Ingersoll-Rand acquires Frigoblock

Ingersoll-Rand will acquire the European manufacturer of truck and trailer refrigeration equipment for $123.48 million.    Ingersoll-Rand will acquire Frigoblock for 100 million euros ($123.48 million).
   The acquisition is expected to close in the first half of 2015, subject to regulatory approval.
   Essen, Germany-based Frigoblock manufacturers refrigeration equipment for trucks and trailers for the European market.
   Once the acquisition is complete, Frigoblock will become part of Ingersoll-Rand’s Transportation Solutions business, which operates under the commercial name Thermo King.
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Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.