Johnson Controls is buying ventilation company Air Distribution Technologies from the Canada Pension Plan Investment Board for about $1.6 billion.
Air Distribution Technologies produces a broad range of air distribution products under brands such as Ruskin, Titus, Hart & Cooley, Krueger, PennBarry, Tuttle & Bailey. Specific product lines include grilles, registers and diffusers; terminal units; fire and smoke dampers and fans.
Within the Johnson Controls portfolio, Air Distribution Technologies will be aligned under the Building Efficiency platform where it will operate with its own brands, distribution channels and employees. The acquisition is subject to limited conditions and is expected to close by the end of July.
