Johnson Controls Completes Purchase of Air Distribution Technologies
MILWAUKEE, Wis. — The acquisition of Air Distribution Technologies by Johnson Controls for $1.6 billion is now complete. Johnson Controls, a global multi-industrial company, announced in April its intention to acquire Air Distribution Technologies, one of the largest and strongest independent providers of air distribution and ventilation products in North America.
Through this transaction, Johnson Controls acquires 48 locations with over 7,000 employees that produce a broad range of air distribution products under well-known brands such as Ruskin, Titus, Hart & Cooley, Krueger, PennBarry, Tuttle & Bailey and others that are used in nearly every building construction project.
The acquisition reflects Johnson Controls’ stated commitment to invest in its buildings business as a growth platform. The combined companies are expected to deliver increased value for customers with world class technologies delivered through strong complementary brands and channels. The acquisition is expected to provide a solid growth platform as the company continues to expand its global market participation and invests in additional new offerings to serve these markets.
For additional information, visit http://www.johnsoncontrols.com.