BRIGHT FUTURE FOR HI-LINE INDUSTRIES
Hi-line Industries, a UK-based leader in the design, manufacture and installation of energy-efficient compressed air purification equipment, has announced its acquisition by US multinational Ingersoll Rand. The company says important to note is the assurance of complete customer continuity, Hi-line will continue to build and sell all of its products with no price increases. Steve Smith will also remain as Managing Director to maintain the next-day delivery expectations of customers.
The company says the acquisition, effective from 1 July 2024, marks the start of a new and exciting chapter in the history of Hi-line as a progressive UK manufacturing business. It follows 12 months of intensive negotiations and due diligence. With Smith as the sole owner of Hi-line, funding was always going to be the issue in reaching the next level. Now, with the backing of Ingersoll Rand’s financial might, the Burton-upon-Trent based company says it can grow quickly to become the market’s number one in compressed air treatment solutions.
“At the launch day I explained to our staff that the acquisition by Ingersoll Rand was akin to a wealthy investor buying a football club,” says Smith. “The investor recognises potential in the team, invests in the purchase of the club, and provides funding to buy players and grow.”
Among the first results of the Ingersoll Rand investment will be the addition of Industry 4.1 IoT capabilities to all Hi-line controllers by the end of 2024.
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NFPC Annual Industry Exhibition
23 October, 2024, 9:30 - 16:00
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