Ingersoll, Ontario

Ingersoll Rand Confirms All-Cash Private Offer Made to SPX Flow

Retrieved on: 
Monday, July 19, 2021
Engineering, Chemicals, Plastics, Other Energy, Manufacturing, Coal, Energy, Other Manufacturing, Companies, Ingersoll, Ontario, Ingersoll, New York Stock Exchange, IR, Mergers and acquisitions

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, today confirmed that on June 10, 2021, it made an all-cash non-binding proposal to the Board of Directors of SPX Flow, Inc. (NYSE:FLOW) to acquire SPX Flow for $85 per share (the Proposal).

Key Points: 
  • Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, today confirmed that on June 10, 2021, it made an all-cash non-binding proposal to the Board of Directors of SPX Flow, Inc. (NYSE:FLOW) to acquire SPX Flow for $85 per share (the Proposal).
  • This follows the rejection by SPX Flow of a prior offer by Ingersoll Rand of $81.50 per share made on May 27, 2021.
  • The Proposal represents an attractive premium that Ingersoll Rand believes reflects the full value of the financial targets set by SPX Flow at its Investor Day on March 11, 2021, and mitigates potential execution risk by providing SPX Flow shareholders with immediate and certain cash value.
  • Ingersoll Rand is confident that a definitive agreement could be completed in short order and without a financing contingency.

Ingersoll Rand to Virtually Participate at 2021 Goldman Sachs Industrials & Materials Conference

Retrieved on: 
Saturday, May 8, 2021
Engineering, Other Manufacturing, Manufacturing, Finance, Money, Economy, IR, Ingersoll Rand, Investor relations, New York Stock Exchange, Ingersoll, Ontario, Ingersoll, Rand

b'Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, announced that Vicente Reynal, President and Chief Executive Officer, and Vikram Kini, Chief Financial Officer, will virtually participate in a fireside chat at the 2021 Goldman Sachs Industrials & Materials Conference on Tuesday, May 11, 2021 at 10:30 AM Eastern time.\nA real-time webcast of the fireside chat can be accessed via the Events and Presentations section of the Ingersoll Rand Investor Relations website ( https://investors.irco.com ).

Key Points: 
  • b'Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, announced that Vicente Reynal, President and Chief Executive Officer, and Vikram Kini, Chief Financial Officer, will virtually participate in a fireside chat at the 2021 Goldman Sachs Industrials & Materials Conference on Tuesday, May 11, 2021 at 10:30 AM Eastern time.\nA real-time webcast of the fireside chat can be accessed via the Events and Presentations section of the Ingersoll Rand Investor Relations website ( https://investors.irco.com ).
  • A replay of the webcast will be available after conclusion of the fireside chat and can be accessed on the Ingersoll Rand Investor Relations website.\nIngersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities.
  • Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency.
  • For more information, visit www.IRCO.com .\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210507005639/en/\n'

Ingersoll Rand Names Chris Miorin to Vice President of Investor Relations

Retrieved on: 
Monday, March 8, 2021
Engineering, Chemicals, Plastics, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Ingersoll, Ontario, Ingersoll, Miorin, IR, Rand, Companies

Ingersoll Rand Inc. (NYSE: IR) appointed Chris Miorin today as its vice president of investor relations.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) appointed Chris Miorin today as its vice president of investor relations.
  • Miorin replaces Vikram Kini in the role, who was appointed in June to chief financial officer.
  • Miorin assumes the role from his current one with the Ingersoll Rand Execution Excellence team where he has served as the vice president of corporate development since the merger of Gardner Denver and Ingersoll Rands industrial business in March 2020.
  • Chris is a talented leader who demonstrates aptitude and excellent management capabilities with knowledge of our business strategy and operations, said Kini.

Ingersoll Rand 2030 and 2050 Environmental Goals Set to Mitigate Climate Change and Make Life Better for Generations to Come

Retrieved on: 
Monday, February 22, 2021
Engineering, Other Manufacturing, Environment, Manufacturing, Ingersoll, Ontario, Ingersoll, IR, Rand, Companies

View the full release here: https://www.businesswire.com/news/home/20210222005288/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210222005288/en/
    Ingersoll Rand 2030 and 2050 Environmental Goals Designed to Make Life Better for Generations to Come (Graphic: Business Wire)
    We are operating at a time when course-correcting the impact we have on the environment is an imperative and our collective responsibility, said Vicente Reynal, Chief Executive Officer.
  • On a daily basis Ingersoll Rand employees around the world live our purpose of Making Life Better, and with a strong culture centered on employee ownership and dedicated to citizenship, we stand ready to accelerate our environmental actions.
  • The company will drive accountability and progress through Ingersoll Rand Execution Excellence (IRX), and provide transparency on our progress through its annual Sustainability Report .
  • Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities.

Unifor members at CAMI ratify agreement with General Motors

Retrieved on: 
Monday, January 18, 2021
Mergers and acquisitions, Companies, Fiat, Trade unions, International Metalworkers' Federation, International Transport Workers' Federation, Chrysler, Unifor, Ingersoll, Ontario, Ratification, Fiat Chrysler Automobiles

INGERSOLL, ON, Jan. 18, 2021 /CNW/ - Members of Unifor Local 88 who work at the CAMI Assembly Plant in Ingersoll, Ontario have voted by 91% to ratify a new agreement with General Motors that brings $1 billion in investments to begin large scale production of electric commercial delivery vans.

Key Points: 
  • INGERSOLL, ON, Jan. 18, 2021 /CNW/ - Members of Unifor Local 88 who work at the CAMI Assembly Plant in Ingersoll, Ontario have voted by 91% to ratify a new agreement with General Motors that brings $1 billion in investments to begin large scale production of electric commercial delivery vans.
  • "This is the result of collaboration with the Ontario and federal governments, and General Motors.
  • I want to thank them and the Local 88 Master Bargaining Committee for working so hard to secure jobs for our members and create new ones for this community," said Jerry Dias, Unifor National President.
  • This agreement brings the total investment negotiated by Unifor to nearly $6 billion after agreements were ratified with General Motors, Ford and Fiat Chrysler in 2020 that also included support from the federal and Ontario governments.

Lloyd Freeman Joins Buchanan Ingersoll & Rooney as Chief Diversity & Inclusion Officer

Retrieved on: 
Monday, November 9, 2020
Buchanan, Ingersoll & Rooney, Ingersoll, Ontario

PHILADELPHIA, Nov. 9, 2020 /PRNewswire/ --Buchanan Ingersoll & Rooney welcomes Lloyd Freeman as its new Chief Diversity & Inclusion Officer (CDIO).

Key Points: 
  • PHILADELPHIA, Nov. 9, 2020 /PRNewswire/ --Buchanan Ingersoll & Rooney welcomes Lloyd Freeman as its new Chief Diversity & Inclusion Officer (CDIO).
  • "Lloyd is a passionate and energetic diversity champion who has woven that passion throughout his professional successes and active involvement in the community.
  • Diversity and inclusion are not just part of our core values, but those of our clients as well.
  • Buchanan Ingersoll & Rooney is a national law firm with a proven reputation for providing progressive, industry-leading legal, business, regulatory and government relations advice to regional, national and international clients.

Firefly Aerospace to Automate Composite Rocket Production with Ingersoll Machine Tools

Retrieved on: 
Thursday, October 29, 2020
Fictional characters, Ingersoll Machine Tools, Materials, Automated fiber placement, Firefly Aerospace, Composite materials, Ingersoll, Ontario, Carbon fiber reinforced polymer, Ingersoll, Firefly

"From the outset Firefly chose to utilize 21st century materials and manufacturing processes in our spacecraft and rocket designs.

Key Points: 
  • "From the outset Firefly chose to utilize 21st century materials and manufacturing processes in our spacecraft and rocket designs.
  • Firefly's Alpha is the world's largest all-carbon-fiber liquid fueled rocket," said Firefly CEO Dr. Tom Markusic.
  • "High speed, robotic, large-scale automated fiber placement (AFP) machines, like those produced by Ingersoll Machine Tools, are now widely utilized in the aircraft industry.
  • "Ingersoll is thrilled to bring our vast experience in automated composite manufacturing and robotics across the aerospace industry into the world of space rocketry and exploration with Firefly," said Chip Storie, CEO of Ingersoll Machine Tools.

Ingersoll Rand Awards $150 Million Equity Grant to Global Workforce; Grant Value Equal to 20% of An Employee’s Annual Base Cash Compensation*

Retrieved on: 
Monday, September 21, 2020
Engineering, Other Manufacturing, Manufacturing, Companies, Ingersoll, Ontario, Ingersoll, Business

From an hourly assembly worker on the production line in Quincy, Illinois to a sales representative based in Shanghai, China, all eligible employees received a grant equal in value on the grant date to 20% of that employees annual base cash compensation.

Key Points: 
  • From an hourly assembly worker on the production line in Quincy, Illinois to a sales representative based in Shanghai, China, all eligible employees received a grant equal in value on the grant date to 20% of that employees annual base cash compensation.
  • *
    The grant follows a similar approach Gardner Denver took a few years ago when it gave employees skin in the game in the company through an equity grant.
  • Today, we are thrilled to continue to invest in Ingersoll Rands future by investing in and empowering Ingersoll Rands employees.
  • 80% return is based off the closing price of Ingersoll Rand Inc. common stock on September 11, 2020 of $35.98.

Ingersoll Rand Announces Secondary Offering of 12,100,000 Shares of Common Stock

Retrieved on: 
Tuesday, June 16, 2020
Engineering, Other Manufacturing, Manufacturing, Finance, Companies, Financial services, Ingersoll, Ontario, Ingersoll, Goldman Sachs, Kohlberg Kravis Roberts, IR, Rand

Ingersoll Rand Inc. (NYSE: IR) (Ingersoll Rand) today announced that KKR Renaissance Aggregator L.P. (the Selling Stockholder) intends to offer for sale in an underwritten secondary offering 12,100,000 shares of common stock of Ingersoll Rand pursuant to a registration statement filed by Ingersoll Rand with the U.S. Securities and Exchange Commission (the SEC).

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) (Ingersoll Rand) today announced that KKR Renaissance Aggregator L.P. (the Selling Stockholder) intends to offer for sale in an underwritten secondary offering 12,100,000 shares of common stock of Ingersoll Rand pursuant to a registration statement filed by Ingersoll Rand with the U.S. Securities and Exchange Commission (the SEC).
  • No shares are being sold by Ingersoll Rand.
  • Morgan Stanley and Goldman Sachs & Co. LLC are acting as the underwriters for the offering.
  • Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities.

Ingersoll Rand Names Vikram Kini Senior Vice President, Chief Financial Officer and Kristen Actis-Grande as Vice President of Investor Relations and FP&A

Retrieved on: 
Monday, June 15, 2020
Engineering, Other Manufacturing, Manufacturing, Corporate finance, Investment, Investor relations, Stock market, IR, Ingersoll, Ontario

Ingersoll Rand Inc. (NYSE: IR) appointed Vikram Vik Kini today as its senior vice president and Chief Financial Officer, reporting to Vicente Reynal, Chief Executive Officer.

Key Points: 
  • Ingersoll Rand Inc. (NYSE: IR) appointed Vikram Vik Kini today as its senior vice president and Chief Financial Officer, reporting to Vicente Reynal, Chief Executive Officer.
  • Kini will be succeeded by Kristen Actis-Grande as vice president of investor relations and financial planning and analysis (FP&A).
  • Weaver will remain with the company through the end of the month to assist in the transition to Kini.
  • View the full release here: https://www.businesswire.com/news/home/20200615005206/en/
    Vikram "Vik" Kini promoted to senior vice president and Chief Financial Officer at Ingersoll Rand Inc. (NYSE:IR) (Photo: Business Wire)
    As senior vice president and CFO, Kini will oversee all finance and accounting, including controllership, tax, treasury, planning, and investor relations, as well as information technology.