Johnson Controls to Acquire Air Distribution Technologies
MILWAUKEE—Johnson Controls (JCI) agreed this week to a $1.6 billion deal to buy Air Distribution Technologies from the Canada Pension Plan Investment Board, adding to the diversified manufacturer’s ventilation business. Air Distribution Technologies, which owns Ruskin, Titus, Hart & Cooley, Krueger, PennBarry, Tuttle & Bailey and other brands, makes air-distribution products for residential and commercial applications. It will become part of JCI’s Building Efficiency platform, where it will operate with its own brands, distribution channels and employees. The combination of the two companies will be jointly guided by JCI and Air Distribution Technologies leadership. The deal is expected to close by the end of July.
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