HVAC Breaking News / Ventilation

April 17, 2014: Johnson Controls to Acquire Air Distribution Technologies

Acquisition Adds a Broad Range of Air Distribution Products to Johnson Controls Portfolio

MILWAUKEE — Johnson Controls announced that it has reached a definitive agreement with the Canada Pension Plan Investment Board to acquire its Air Distribution Technologies business, one of the largest providers of air distribution and ventilation products in North America, for approximately $1.6 billion.

“This investment expands Johnson Controls’ position in the buildings space with additional products that are complementary to our existing heating, ventilation, and air conditioning offerings,” said Alex Molinaroli, Johnson Controls chairman and chief executive officer. “It reflects our stated commitment to invest in the buildings business as a growth platform and further enhances our offerings and channels.”

Air Distribution Technologies produces a broad range of air distribution products under various brands, including Ruskin®, Titus®, Hart & Cooley®, Krueger™, PennBarry™, Tuttle & Bailey®, and others, which are delivered through independent distribution channels. Specific product lines include grilles, registers, and diffusers (GRDs); terminal units; fire and smoke dampers and fans.

“Air Distribution Technologies customers will have undisrupted access to the products and brands that they have come to expect. This new channel will provide an important growth platform for Johnson Controls as we continue to pursue additional investments in new products and increase our market coverage worldwide,” said Molinaroli.

Air Distribution Technologies will be aligned under Johnson Controls’ 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 Johnson Controls and Air Distribution Technologies leadership.

“Johnson Controls is a leader in the building technology industry that will complement our strong brands and valued relationships,” said Terry O’Halloran, chief executive officer, Air Distribution Technologies. “Our customers will now have access to an unmatched portfolio of products and offerings as well as backing and continued innovation from the best experts in the industry.”

The acquisition is subject to limited conditions and is expected to close by the end of July.

For more information on Air Distribution Technologies, visit www.airdistribution.com. For more information on Johnson Controls, visit www.johnsoncontrols.com.

Publication date: 4/14/2014

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.

Podcasts

NEWSMakers: Jeremy Begley

Jeremy Begley, home-performance specialist and Web and social media manager with National Heating and Air Conditioning Co. in Cincinnati discusses how and why you should add home-performance philosophies to your contracting repertoire. Posted on Sept. 12.

More Podcasts

ACHRNEWS

NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con