- Trane
"For the Jazz musician known by the nickname "Trane", see
John Coltrane "Infobox_Company
company_name = Trane Inc.
company_
company_type =Subsidiary ofIngersoll Rand
foundation = 1913 as The Trane Company
2007 (reincorporated as successor toAmerican Standard Companies )
location =Piscataway, New Jersey ,USA
key_people =Frederic M. Poses , Chairman & CEO
num_employees = 29,000 (2007)
industry =General Building Materials
products = HVAC equipment
revenue = profit$10.264 billion USD (2005)
operating_income = profit$875.400 million USD (2005)
net_income = profit$556.300 million USD (2005)
slogan = It's hard to stop a Trane.
homepage = [http://www.trane.com/ www.trane.com]Trane Inc. is a
subsidiary ofIngersoll Rand and is the successor company to theAmerican Standard Companies . It is a global provider ofheating ,ventilating andair conditioning (HVAC ) systems and building management systems and controls under the Trane and American Standard brand names. Its offerings include service and parts support and financial solutions.Trane has offices, service operations, joint ventures and manufacturing facilities around the world. Trane has its international headquarters in
Piscataway, New Jersey .History
In 1885,
James Trane opened his own store.Reuben Trane , James' son, earned amechanical engineering degree at theUniversity of Wisconsin-Madison , and joined his father'splumbing firm. In 1913, James and Reuben incorporated The Trane Company.By 1916, the Tranes were no longer in the plumbing business, but rather were focusing their attention on manufacturing heating products. Reuben conceived the idea of the first convector radiator in 1925 which replaced the heavy, bulky, cast-iron radiators that prevailed at the time. Trane's first air conditioning unit was developed in 1931.
In 1984, Trane was acquired by American Standard Inc., and became a fixture in the American Standard Companies business. Following a leveraged buyout in 1988, American Standard returned as a publicly held corporation in 1995. [ [http://www.ashraelacrosse.org/Home/Committes/Historical/History%20of%20Trane%202004-new.pdf History of Trane 2004.p65 ] ]
Break up of American Standard
On
February 1 ,2007 , American Standard Companies announced it would break up its three divisions. The company sold off its namesake kitchen and bath division and spun off WABCO, American Standard's vehicle controls division, while retaining The Trane Company. American Standard then renamed itself Trane Inc. effectiveNovember 28 ,2007 . [ [http://ir.trane.com/releasedetail.cfm?ReleaseID=278903 Trane - News Release ] ] [ [http://www.lacrossetribune.com/articles/2007/12/02/news/00lead.txt La Crosse Tribune - 7.0 : Area leaders optimistic about company’s name change, but none predict that the headquarters will return to city ] ]Acquisition by
Ingersoll Rand On
December 17 ,2007 , Trane announced it had agreed to be acquired byHamilton, Bermuda -basedIngersoll Rand in a cash and stock transaction. [ [http://www.trane.com/Corporate/IR2007/index.asp Trane : Ingersoll Rand To Acquire Trane ] ] [ [http://www.lacrossetribune.com/articles/2007/12/17/breakingnews/01trane.txt La Crosse Tribune - 7.0 : Ingersoll-Rand to buy Trane for $10.1 billion ] ] [ [http://www.lacrossetribune.com/articles/2007/12/18/news/00lead.txt La Crosse Tribune - 7.0 : Reaction to Trane sale cautious; mayor disappointed ] ] [ [http://www.lacrossetribune.com/articles/2007/12/19/news/00lead.txt La Crosse Tribune - 7.0 : Union: New owner good fit for Trane ] ] The sale was completed onJune 5 , 2008. [http://www.forbes.com/feeds/ap/2008/06/05/ap5087316.html] [ [http://investor.shareholder.com/ir/releasedetail.cfm?ReleaseID=314469 Ingersoll Rand - Ingersoll Rand Completes Acquisition of Trane ] ]Manufacturing Locations
Commercial Products Manufacturing Locations
*
Bangkok, Thailand
*Cairo, Egypt
*Charlotte, North Carolina
*Charmes, France
*Clarksville, Tennessee
*Colchester, England
*Columbia, South Carolina
*Forsyth, Georgia
*Fort Smith, Arkansas
*Golbey, France
*La Crosse, Wisconsin
*Lexington, Kentucky
*Lynn Haven, Florida
*Macon, Georgia
*Penang, Malaysia
*Pueblo, Colorado
*Rockingham, North Carolina
*Rushville, Indiana
*Sao Paulo, Brazil
*Springhill, Louisiana
*St. Paul, Minnesota
*Taicang, China
*Yangmei,Taoyuan, Taiwan
*Waco, Texas Residential Products Manufacturing Locations
*
Fort Smith, Arkansas
*Monterrey, Mexico
*Trenton, New Jersey
*Tyler, Texas
*Vidalia, Georgia Notes
External links
* [http://www.trane.com Trane Website]
* [http://www.americanstandardair.com American Standard HVAC Website]
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