Ingersoll Rand (IR) is in late-stage discussions with private equity firm Clayton Dubilier &...

|By:, SA News Editor

Ingersoll Rand (IR) is in late-stage discussions with private equity firm Clayton Dubilier & Rice to sell its refrigeration business for $750M or less, Reuters reports. The refrigeration display business is considered highly cyclical and exposed to rising raw material costs, squeezing margins in recent years.