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Ingersoll Rand names planned $2 billion spinoff: Allegion

June 17, 2013Martha Entwistle, Tess Nacelewicz

SWORDS, Ireland—Ingersoll Rand, which previously said it planned to spin off its security products business at some point this year, today announced that Allegion will be the name of the new company and that it will have revenues of $2.05 billion. “We're excited about the name,” Misty Zelent, a spokeswoman for Ingersoll Rand, based here, told Security Systems News. “It really represents the collaborative long-term relationships we have with customers and the team of experts...

Allegion, Barbara Santoro, Carol Cico, David Burritt, Ingersoll Rand, Kirk Hachigian, Luc Oursel, Michael Chesser, Michael Lamach, Misty Zelent, Patrick Shannon