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Clayton, Dubilier & Rice to Acquire 60 Percent of Hussmann Stationary Refrigerated Display Case Business from Ingersoll Rand

Clayton, Dubilier & Rice, LLC and Ingersoll–Rand plc [NYSE:IR] today announced a definitive agreement under which funds managed by CD&R will acquire a 60 percent ownership stake in Hussmann International, Inc., a leading manufacturer of refrigerated display merchandising equipment and refrigeration systems for the retail food industry. CD&R will invest $195 million of equity to acquire convertible participating preferred stock of Hussmann in the transaction. Ingersoll Rand will retain a 40 percent equity interest in the company.


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