Ingersoll Rand Acquires Houdstermaatschappij Jorc B.V. (Jorc)
February 2, 2022
Ingersoll Rand Inc. acquired Houdstermaatschappij Jorc B.V. ("Jorc"), a Netherlands-based manufacturer of condensate management products, for an all-cash purchase price of €27 million. Jorc — which reported approximately €13 million in 2021 sales and operates facilities in the Netherlands, the United States and Slovenia — will join Ingersoll Rand's Industrial Technologies and Services segment to expand condensate-management and energy-saving capabilities.
- Buyers
- Ingersoll Rand Inc.
- Targets
- Houdstermaatschappij Jorc B.V. (Jorc)
- Industry
- Manufacturing
- Location
- Limburg, Netherlands
- Transaction Type
- Buyout
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