Dresser-Rand Company was formed in 1986 as a joint-venture between Dresser Industries and Ingersoll Rand.
When Dresser Industries merged with Halliburton in 1999 its stake in the joint venture was sold to Ingersoll Rand, who then sold it to private equity firm First Reserve Corporation for $1.2 billion. First Reserve took the company public the next year.
Today Dresser-Rand Company is a leading manufacturer of industrial rotating equipment including gas and steam turbines, hot gas expanders, control systems, and centrifugal and reciprocating compressors for use in the power, oil and gas, petrochemical, and chemical markets.
The company manufactures and distributes its products through 14 manufacturing sites and 50 service facilities in 30 countries.
Dresser-Rand Company trades publicly on the New York Stock Exchange under the ticker symbol DRC, is a member of the S&P 400, is #724 in the Fortune 1000, has 8,100 employees, and had $2.84 billion in revenue in 2014.
Dresser-Rand CompanyDresser-Rand Company was formed in 1986 as a joint-venture between Dresser Industries and Ingersoll Rand.
When Dresser Industries merged with Halliburton in 1999 its stake in the joint venture was sold to Ingersoll Rand, who then sold it to private equity firm First Reserve Corporation for $1.2 billion. First Reserve took the company public the next year.
Today Dresser-Rand Company is a leading manufacturer of industrial rotating equipment including gas and steam turbines, hot gas expanders, control systems, and centrifugal and reciprocating compressors for use in the power, oil and gas, petrochemical, and chemical markets.
History
The company manufactures and distributes its products through 14 manufacturing sites and 50 service facilities in 30 countries.
Dresser-Rand Company trades publicly on the New York Stock Exchange under the ticker symbol DRC, is a member of the S&P 400, is #724 in the Fortune 1000, has 8,100 employees, and had $2.84 billion in revenue in 2014.