Skip to Content

Tag: Patrick Shannon


Suppliers

Ingersoll Rand names planned $2 billion spinoff: Allegion

June 17, 2013Martha Entwistle, Tess Nacelewicz

SWORDS, Ireland—Ingersoll Rand, which previously said it planned to spin off its security products business at some point this year, today announced that Allegion will be the name of the new company and that it will have revenues of $2.05 billion.“We're excited about the name,” Misty Zelent, a spokeswoman for Ingersoll Rand, based here, told Security Systems News. “It really represents the collaborative long-term relationships we have with customers and the team of experts...

Allegion, Barbara Santoro, Carol Cico, David Burritt, Ingersoll Rand, Kirk Hachigian, Luc Oursel, Michael Chesser, Michael Lamach, Misty Zelent


Read Full Articlered right arrow icon

On The Editor's Desk

Once IR spins off security division, will others follow?

June 12, 2013Martha Entwistle

Once IR spins off its security division, will others follow? Poking around some investor conference info recently, I came across this tidbit on Seeking Alpha “Stanley Black & Decker Chairman John Lundgren made an interesting revelation during his chat at the Electrical Products Group Conference yesterday. [The conference took place in late May]. The exec says the company will keep an eye on the spinoff from Ingersoll Rand of its security business to see if a similar move would make sense for...

Barbara Santoro, Brett D. Bontrager, Ingersoll Rand, John Lundgren, Nelson Peltz, Patrick Shannon, security spin off, Stanley Black & Decker, Stanley Security Solutions, Tyco


Read Full Articlered right arrow icon