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The $10 billion deal was announced in December and was formally concluded last month.
Trane has a two-building plant in Pueblo's industrial park that employs about 750 people making air-conditioners and chillers.
"Most of Trane's operations were unaffected by the acquisition and most employees continued to conduct business as usual," said Paul Dickard of Ingersoll Rand. "The only exception to that was with respect to the consolidation of the two companies' corporate headquarters, both based in New Jersey. Those job reductions -- all in New Jersey -- have already occurred."
The sale changes Trane into a wholly owned subsidiary of Ingersoll Rand. Trane had been a publicly traded company after reorganizing in the fall of 2007. Known then as American Standard Companies, Trane sold two non-related businesses and changed its name to Trane to focus solely on the air-conditioning business. Ingersoll Rand owns a number of brands and makes Club Car golf cars, Hussmann stationary refrigeration equipment, Ingersoll Rand industrial equipment, Schlage locks and Thermo King temperature-control transport equipment.
To see more of The Pueblo Chieftain, or to subscribe to the newspaper, go to http://www.chieftain.com. Copyright (c) 2008, The Pueblo Chieftain, Colo. Distributed by McClatchy-Tribune Information Services. For reprints, email tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave., Suite 303, Glenview, IL 60025, USA.
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