MILWAUKEE and YORK, Pa. - Johnson Controls Inc. has announced that it will acquire York International Corp. According to Johnson Controls, the $3.2 billion transaction will nearly double the company's position in the global building environments industry.
York, with estimated sales of nearly $5 billion, will become part of the nearly $6 billion Controls Group of Johnson Controls. The combination of the Controls Group and York is expected to increase Johnson Controls rate of growth in the $200 billion industry for global building environments. Johnson Controls fiscal 2005 consolidated sales from continuing operations, including its automotive seating/interiors and battery businesses, are forecast at nearly $28 billion.