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The less-profitable needle business, which had been the original basis of the company for 114 years, was forced to be abandoned by Ingersoll-Rand in 1980. In 1980, it was the largest employer in Torrington. [3] In 2003 Torrington was purchased by the Timken Company, nearly doubling its size. [4]
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Rand plc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all ...
Ingersoll Equipment Company, Inc.(no connection to Ingersoll Rand) was formed when Jack Ingersoll purchased the garden tractor division from Case Corporation in late 1983. Case garden tractors came into existence in 1965, after the purchase of Colt Garden Tractors/Colt Equipment in late 1964. The motive behind the acquisition was a ...
The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.
In 1905, the company merged with Rand Drill Company, which six years prior had begun manufacturing compressors in Painted Post, New York. The result was the Ingersoll Rand Company. [6] In 2000, Flowserve purchased Ingersoll-Dresser Pumps, a business unit of Ingersoll-Rand, for $775 million, creating the world’s second largest pump company. [7]
Rand used interviews with scientist J. Robert Oppenheimer for the character Robert Stadler. Rand biographer Anne Heller traces some ideas that would go into Atlas Shrugged back to a never-written novel that Rand outlined when she was a student at Petrograd State University. The futuristic story featured an American heiress luring the most ...
The films take place in a dystopian United States, wherein many of society's most prominent and successful industrialists abandon their fortunes as the government shifts the nation towards socialism, making aggressive new regulations, taking control of industries, while picking winners and losers.