Ingersoll Rand Completes Spinoff of Allegion

Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has completed the spinoff of the company’s commercial and residential security businesses named Allegion. “The on time completion of the Allegion separation is a significant milestone for both companies, their shareholders and employees,” said Michael W. Lamach, chairman and CEO of Ingersoll Rand. “Allegion’s industry-defining products and partnerships with customers to solve their toug...