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Article: Ingersoll may sell, spin off some units: 14% of Davie workers would be affected.
- Article from:
- Winston-Salem Journal (Winston-Salem, NC)
- Article date:
- May 16, 2007
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Copyright informationCOPYRIGHT 2007 Winston-Salem Journal. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Craver
May 16--A decision by Ingersoll-Rand Co. Ltd. to explore selling or spinning off its construction-related businesses could affect about 14 percent of its work force in Davie County.
The company, incorporated in Hamilton, Bermuda, said yesterday that its Bobcat, utility-equipment and attachments units are targeted for a potential sale or a spinoff. It expects to decide in the second half of the year.
"Our Bobcat, Utility Equipment and Attachments businesses represent world-class operations with exceptional people, products and brands," Herbert Henkel, the chairman, president and chief executive of Ingersoll-Rand, said in a statement.
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