GLOBAL NEWS & EVENTS

Thermo King Announces New Ownership for Springfield and Tulsa Dealerships

(Minneapolis - January 14, 2009) - Thermo King Corporation announces that the Thermo King dealerships in Springfield, Missouri and Tulsa, Oklahoma were sold on December 31, 2008 to John T. Cooper, a Springfield businessman, and R. Wayne Smith III, also of Springfield who has been involved with the dealership for the last 15 years. The names for these dealerships have changed to Thermo King of Springfield, LLC and Thermo King of Tulsa, LLC, but the operations will remain in the same locations. With the exception of family members of the prior owners, all of the previous employees remain with the new entities. Cooper, who is actively involved in the operation of other family businesses, will serve as president of the new LLCs, while Wayne Smith will be the CEO and responsible for day-to-day operations at both dealerships. Tim Fry, formerly of Wick's Truck Trailers, Inc. will serve as operations manager for both locations and Ricky Pierce will continue to oversee the operation in Tulsa as the general manager.

Thermo King Corporation, a business unit of diversified industrial firm Ingersoll-Rand Company Limited, was founded in 1938 and manufactures transport temperature control systems for a variety of mobile applications, including trailers, truck bodies, buses, shipboard containers and railway cars. The company operates 10 manufacturing facilities and 17 parts distribution centers worldwide. Sales and service is provided by a global dealer network of 865 independently owned companies in 75 countries. For more information, access the Thermo King web site at www.thermoking.com.


Thermo King Corporation, a business unit of diversified industrial firm Ingersoll Rand Company Limited, was founded in 1938 and manufactures transport temperature control systems for a variety of mobile applications, including trailers, truck bodies, buses, shipboard containers and railway cars. The company operates 10 manufacturing facilities and 17 parts distribution centers worldwide. Sales and service is provided by a global dealer network of 865 independently owned companies in 75 countries.


Contact:
Mike O'Brien, Thermo King Corporation
952-885-3505
Mike O'Brien

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