Dear colleagues:
I am happy to announce today that Johnson Controls has reached a definitive agreement to acquire Air Distribution Technologies, one of the strongest and largest independent channels for air distribution and ventilation solutions in North America.
Headquartered near Dallas, Texas, Air Distribution Technologies boasts a strong collection of brands you may recognize, such as Ruskin®, Titus®, Hart & Cooley®, Krueger™, PennBarry™, Tuttle & Bailey® and many others. These brands and channels are complementary to Building Efficiency and will bring greater value to improve the efficiency of buildings around the world. This investment also shows that Johnson Controls is executing on our strategies to be a leading multi-industrial company.
We expect the acquisition to close by the end of July. At that time, Air Distribution Technologies will continue to function as a separate business under the Building Efficiency platform and will maintain its brands, distribution channels and employees.
Our leadership teams will work together throughout the integration process to ensure both near and long term success and we will communicate with you throughout that process.