Ingersoll-Rand Company Limited announced on June 10 that it had acquired the United States distribution rights to market and sell Tramac branded hydraulic breakers and demolition tools, as well as vibratory compactors and cutting heads, from Tramac Corporation. Terms of the transaction were not disclosed.
Tramac breakers are used as attachments on a range of construction equipment, primarily for construction and demolition projects. In 2004, sales of the products involved in the transaction approximated $18 million.
“This transaction brings us closer to United States customers of Ingersoll-Rand’s Montabert product line and provides a strong platform for product expansion through this important distribution channel," said Christopher P. Vasiloff, senior vice president of Ingersoll-Rand and president of the Construction Technologies Sector. “We are excited to have the opportunity to grow in this market in partnership with the existing Tramac dealer network.
"This transaction fits Ingersoll-Rand’s long-term growth strategy for the attachments business. Attachments provide substantial growth opportunities and this transaction will enable Ingersoll-Rand to build an attachment bundle around our core products to deliver customers a broader solution to meet their general construction and contracting needs.”
