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MILWAUKEE — Johnson Controls Inc. reached a definitive agreement with the Canada Pension Plan Investment Board to acquire Air Distribution Technologies Inc. (ADTI), an independent provider of air distribution and ventilation products, for approximately $1.6 billion.
Air Distribution Technologies produces a broad range of air distribution products under well-known brands such as Ruskin Co., Titus, Hart & Cooley Inc., Krueger-HVAC, PennBarry, and Tuttle & Bailey, among others.
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