Ingersoll Rand

Ingersoll Rand Logo
  • Founded: 1905

  • Years Operated: 1905-present

  • Headquarters: Dublin, Ireland

  • Business: Industrial equipment for shipbuilding, mining, construction and petrochemical industry

  • Asbestos Trust: No

  • Bankruptcy Status: Not bankrupt

History

Ingersoll Rand (IR) is one of the leaders in global manufacturing of industrial equipment including mining and drilling machinery, power tools, and manual and electric chains hoists. Simon Ingersoll founded its predecessor, Ingersoll Rock Drill Company, in 1871. The company later took the name Ingersoll-Sergeant Drill Company before it merged with Rand Drill Company in 1905, resulting in the company known today as Ingersoll Rand. Its main three divisions were the Industrial Technologies, Climate Control Technologies and Security Technologies divisions.

In 2008, IR acquired and absorbed into its Climate Control Technologies division the established HVAC supplier Trane. Trane was formerly known as American Standard Companies, Inc., and used asbestos in many of its HVAC components. At the time of the Ingersoll Rand acquisition, Trane was reported to have 105,023 open asbestos claims. Prior to the 1980s, other IR products such as gaskets, valve packing and compressors made use of asbestos as a strengthener and heat insulator.

Today, IR's main focus is on mining and construction equipment as well as drilling and blasting procedures.

The following brands are currently under the Ingersoll Rand umbrella:

  • Cisa
  • Club Car
  • Falcon Door Hardware
  • Hussmann
  • Interflex
  • Kryptonite Locks
  • LCN
  • Normbau
  • OMI
  • Schlage Locks
  • ARO
  • Krack
  • American Standard
  • Thermo King
  • Trane
  • Von Duprin

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Litigation  & Specific Lawsuits

IR has been involved in ongoing asbestos litigation and continues to face lawsuits in both federal and state courts. The lawsuits are predominantly associated with the company’s production of pumps and compressors, which incorporated gaskets and other asbestos-containing parts. As of early 2008, IR had settled more than 208,000 asbestos claims, with payouts totaling more than $308 million. Today, the company faces more than 100,000 pending claims, and it expects to pay up to $755 million for pending and future asbestos claims by 2053.

A Florida jury recently awarded nearly $1 million to Woodrow McBride’s widow Betty. McBride worked as a power plant worker from 1968 to 1996 and came into regular contact with asbestos-containing products manufactured by IR and several other companies. As a result of his exposure, he received a mesothelioma diagnosis in 2005. He filed the lawsuit in August 2006, just one month before he died.

The jury reached a verdict in 2009 against IR and 16 other defendants. The jury awarded McBride’s widow, the executor of his estate, nearly $1 million for medical bills, past pain and suffering, and future pain and suffering.

Industries & Occupations

IR’s asbestos-containing products were used for a variety of purposes. Among those who may have been exposed to asbestos via IR products include boiler workers, factory workers, shipyard employees, maintenance personnel and engineers. Employees were at an additional risk if they worked in environments where asbestos was present in workstation fixtures and protective clothing.

Products

IR’s asbestos-containing products included valve packing, compressors, sheet packing, steam pump packing, gaskets and braided asbestos.

Additional Resources

  1. Ingersoll Rand (2012). Ingersoll Rand overview. Retrieved from http://company.ingersollrand.com/aboutus/Pages/default.aspx
  2. Lloyds Asbestos Litigation Reporter.(n.d.) Companies with the most number of claims. Retrieved July 18, 2012, from http://www.litigationdatadepot.com/Lloyds_Asbestos_Litigation_Reporter_-_Mos.pdf
  3. U.S. Security and Exchange Commission (2003). Annual report pursuant to section 13 or 15(d) of the securities exchange act of 1934: Ingersoll-Rand Company Limited. Retrieved from http://www.sec.gov/Archives/edgar/data/1160497/000116049703000014/tenk-2002.htm
  4. Reuters (2008). Ingersoll-Rand records charge for asbestos claims. Retrieved from http://www.reuters.com/article/2008/01/11/us-ingersollrand-idUSWNAS626420080111
  5. Angier, D. (2009). Widow awarded nearly $1 million in asbestos suit. Retrieved from http://www.newsherald.com/news

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