Ingersoll-Rand (IR) reportedly has put its refrigeration display unit up for sale and is being...

|About: Ingersoll-Rand plc (IR)|By:, SA News Editor

Ingersoll-Rand (IR) reportedly has put its refrigeration display unit up for sale and is being advised by JPMorgan Chase (JPM). The business is considered highly cyclical and exposed to rising raw material costs; food retailers have held back on new investment during the economic downturn. A sale would likely fetch less than $1B.