Ingersoll Rand Completes Acquisition of Howden Roots from Chart Industries

DAVIDSON, N.C. – Ingersoll Rand Inc. has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. in an all-cash transaction of approximately $300 million. As part of the transaction, Ingersoll Rand has assumed ownership of the Connersville, Indiana, manufacturing facility.

“This acquisition demonstrates our commitment to inorganic growth through value-enhancing acquisitions,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “We are excited to welcome the Roots team to the Ingersoll Rand family."