Johnson Controls buys air distribution firm
USA: Johnson Controls is to acquire Air Distribution Technologies, the Texas-based manufacturer of air distribution products, for $1.6bn.
Air Distribution Technologies produces a wide range of products including grilles, registers, diffusers, terminal units, fire and smoke dampers and fans. Well-known brands include Ruskin, Titus, Hart & Cooley and Tuttle & Bailey.
“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.
“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 division, where it will operate with its own brands, distribution channels and employees.