04/05/2024
Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has closed on the acquisitions of Controlled Fluidics and Ethafilter s.r.l.
Ingersoll Rand’s acquisitions of Controlled Fluidics and Ethafilter complement the company’s existing portfolio in the life science and air treatment businesses.
Controlled Fluidics, with two sites in the United States, specializes in thermoplastic, high-performance plastic bonding and custom plastic assembly products for life sciences, medical, aerospace and industrial applications. The acquisition will complement Ingersoll Rand’s current life sciences offerings and increase the company’s market share in high-growth, sustainable end markets. The business will join the Precision and Science Technologies segment.
Based in Italy, Ethafilter primarily produces filters and filter elements that can be used with all major brands in the compressed air sector. The acquisition will expand Ingersoll Rand’s product portfolio, extend its reach in highly attractive end markets with the addition of sterile filter technology, and drive ongoing growth from aftermarket services and offerings. Ethafilter will join the Industrial Technologies and Services segment.
“The acquisitions of Controlled Fluidics and Ethafilter are the latest examples of our continued strategy to acquire adjacent technologies that will complement our core offerings and provide opportunities for growth,” said Vicente Reynal, Chairman and Chief Executive Officer of Ingersoll Rand. “We continue to compound our growth with strategic acquisitions that can ensure the durability of our business.”
About Ingersoll Rand Inc.
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to making life better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and industrial solutions. Supported by over 80+ respected brands, our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit https://www.irco.com.
