Johnson Controls (JCI) has entered into a definitive agreement to divest its Air Distribution Technologies business to Truelink Capital. The transaction encompasses notable air distribution and movement brands such as Koch Filter, Titus, Ruskin, Kreuger, PennBarry, and Tuttle & Bailey, along with their extensive product lines including grilles, registers and diffusers, terminal units, fire and smoke dampers, louvers, filters, and fans. This transaction is anticipated to be finalized in the second half of 2024.
"The sale of our Air Distribution Technologies business represents a strategic progression as we continue to streamline our portfolio and evolve into a comprehensive solutions provider for commercial buildings," stated Johnson Controls Chairman and CEO George Oliver.
