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Kryptonite Bought by Ingersoll-Rand

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WOODCLIFF LAKE, USA (August 24) – Kryptonite Corporation of Canton, Massachusetts have been bought by Ingersoll-Rand for an undisclosed sum. Kryptonite (founded 1972) produce portable locks for two-wheelers, sporting goods, laptop computers etc., and earned a reputation with U-shackle locks. The turnover of Kryptonite in 2000 was US$27 million. Ingersoll-Rand is an industrial holding involved […]

WOODCLIFF LAKE, USA (August 24) – Kryptonite Corporation of Canton, Massachusetts have been bought by Ingersoll-Rand for an undisclosed sum. Kryptonite (founded 1972) produce portable locks for two-wheelers, sporting goods, laptop computers etc., and earned a reputation with U-shackle locks. The turnover of Kryptonite in 2000 was US$27 million. Ingersoll-Rand is an industrial holding involved in security, climate control and industrial equipment, with brands like Thermo King (mobile refrigeration equipment), Bobcat (compact bulldozers), Schlage (residential locks), Torrington industrial bearings and Ingersoll-Rand (compressors, diesel injection pumps, marine engines etc.). The take-over won’t affect the Kryptonite activities otherwise than synergetic effects. (OB)

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