NEW YORK (AP) — Tools and machinery maker Ingersoll-Rand Co. Ltd. said Tuesday it agreed to buy privately owned Officine Meccaniche Industriali srl, an Italy-based provider of compressed-air treatment equipment, for undisclosed terms.
OMI products makes items including air dryers, filters, chillers and system controllers that maximize the productivity and reliability of compressed air systems for a variety of industrial and manufacturing applications.
''With its strong distribution channels throughout Europe, Asia and Latin America, OMI advances our leadership as a global provider of innovative and comprehensive compressed-air systems and extends our line of Ingersoll-Rand compressed air products and services,'' said Herbert L. Henkel, chairman, president and chief executive of Ingersoll Rand.
The transaction is expected to close later this month.
