Johnson controls to acquire York.(INDUSTRY NEWSLINE)

Industrial Maintenance & Plant Operation, September, 2005

Johnson Controls, Inc., and York International Corp. announced last month that Johnson Controls, a Milwaukee, WI-based manufacturer of automotive systems and building control systems, will acquire York, a York, PA-based manufacturer of heating, ventilating, cooling and refrigeration systems. With estimated annual sales of $5 billion, York will become part of the nearly $6 billion Controls Group of Johnson Controls.

In an industry release, Johnson Controls said the total value of the all-cash transaction is anticipated to be approximately $3.2 billion, including the assumption of approximately $800 million of York debt. As a result of the combination, Johnson Controls will design and sell integrated controls and HVAC&R equipment, and become the largest global...

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