Ingersoll-Rand Splitting In Two Amid Flagging Sales
Posted on December 10, 2012 at 12:16 PM EST
Ingersoll-Rand (IR) is betting it can get better results by sticking to its basic heating and air conditioning systems business. The company Monday morning confirmed reports that surfaced over the weekend that it plans to spin off its security business as a new company. The move comes after four quarters of declining overall sales for Ingersoll amid global economic uncertainty. The security division includes the brands such as Schlage, CISA,