16.06.2014 22:00:02
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Johnson Controls Completes Acquisition Of Air Distribution Technologies
(RTTNews) - Johnson Controls Inc. (JCI) said Monday that it has completed the acquisition of Air Distribution Technologies, a provider of air distribution and ventilation products in North America, for $1.6 billion.
The deal was originally announced in April.
Through the deal, Johnson Controls acquires 48 locations with over 7,000 employees that produce a broad range of air distribution products under well-known brands such as Ruskin, Titus, Hart & Cooley, Krueger, PennBarry, Tuttle & Bailey® and others that are used in nearly every building construction project.
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