“I do think it will be a valuable property,” said Fred Poses, chairman and CEO, in a conference call with stock analysts to announce the breakup and deliver fourth-quarter results. He added that he’s already received interest, but would not name names.
Executives announced in February that the $11 billion toilets-to-brakes conglomerate dating back to the 19th century would sell its well-known bath-and-kitchen division, spin off its vehicle control division and rename itself Trane after the flagship brand name of the one business it will keep.