DAVIDSON, N.C. – Ingersoll Rand Inc. closed on the acquisition of Friulair S.r.l. (Friulair) in an all-cash upfront purchase price of approximately $146M.

Based in Italy, Friulair is recognized globally for its design and production of dryers, filters, aftercoolers and accessories for the treatment of compressed air as well as its chiller product line. The addition of Friulair will increase the scale of Ingersoll Rand’s air dryer business, significantly increasing the company’s access to the original equipment manufacturer channel and will add new chiller production capabilities. It also adds manufacturing locations in Cervignano del Friuli, Italy and Si Racha Chon Buri, Thailand.