ACHRNEWS

Aug. 31, 2006: Johnson Controls Acquires Environmental Technologies

August 31, 2006

MILWAUKEE - Johnson Controls Inc. announced that it has acquired substantially all the assets of Environmental Technologies Inc., headquartered in Largo, Fla. The company designs, manufactures, and supplies HVAC terminal products including premium variable air volume (VAV) terminals, low-pressure air handling units, and fan and blower coil units under the ENVIRO-TEC® brand name. Specific terms of the agreement were not disclosed.

According to Johnson Controls, this acquisition further strengthens its market leadership and commitment to provide end-to-end integrated products, resulting in technology that enables more effective air handling. Customers will experience greater product selection and single-source solutions for their facilities.

Johnson Controls also acquired rights to the name ENVIRO-TEC, and will market products under the ENVIRO-TEC brand name through the existing rep channels. In addition, no changes are planned in the existing distribution strategy for the ENVIRO-TEC product line; products will continue to be offered through its existing sales channels, and manufacturing will remain in Largo. The company has approximately 375 employees.

"We welcome the employees and sales agents of Environmental Technologies to the Johnson Controls team," said Alex Molinaroli, vice president and general manager of Johnson Control's North America Systems business. "Environmental Technologies has been supplying fan coils and VAVs to us, so this acquisition only strengthens that existing relationship."

Kent Rawson, CEO and founder of Environmental Technologies, said, "We are excited to join forces with Johnson Controls and we see this as a great fit. The legacy of Environmental Technologies and the future of our product line are secure with Johnson Controls."

Publication date: 08/28/2006