Friulair will increase the scale of Ingersoll Rand’s air dryer business, significantly increasing the company’s access to the original equipment manufacturer channel and will add new chiller production capabilities. It also adds manufacturing locations in Cervignano del Friuli, Italy and Si Racha Chon Buri, Thailand.
Friulair employs approximately 215 people and has annual revenue of approximately US$65 million.
“Acquiring Friulair will give us the opportunity to accelerate growth across food and beverage and pharmaceutical end markets, in addition to scaling our existing air treatment business,” said Vicente Reynal, chairman and CEO of Ingersoll Rand.
Friulair will join Ingersoll Rand’s Industrial Technologies and Services (IT&S) segment.