Hard Hat News,
September 30th, 2005 by Jean Hiller
Ingersoll-Rand Company Limited, a leading diversified-industrial firm, has announced that it has acquired the United States distribution rights to market and sell Tramac branded hydraulic breakers and demolition tools, as well as vibratory compactors and cutting heads, from Tramac Corporation.
Tramac breakers are used as attachments on a range of construction equipment, primarily for construction and demolition projects. In 2004, sales of the products involved in the transaction approximated $18 million.
“This transaction brings us closer to United States customers of Ingersoll-Rand’s Montabert product line and provides a strong platform for product expansion through this important distribution channel,” said Christopher P. Vasiloff, senior vice president of IR and president of the Construction Technologies Sector. “We are excited to have the opportunity to grow in this market in partnership with the existing Tramac dealer network.
“This transaction fits Ingersoll-Rand’s long-term growth strategy for the attachments business. Attachments provide substantial growth opportunities and this transaction will enable Ingersoll-Rand to build an attachment bundle around our core products to deliver customers a broader solution to meet their general construction and contracting needs.”
Ingersoll-Rand is a global provider of products, services, and integrated solutions to industries as diverse as transportation, manufacturing, construction, and agriculture. The company brings to bear a 100-year-old heritage of technological innovation to help companies be more productive, efficient, and innovative. Examples include cryogenic refrigeration that preserves agricultural produce worldwide, biometric security systems for airports, corporations, and government facilities, the efficient harnessing of air to drive tools and factories, and versatile, compact vehicles for construction and efficient movement of people and goods. In every line of business, Ingersoll-Rand enables companies and their customers to turn work into progress.