Johnson Controls to buy Air Distribution Technologies for $1.6 bln

Wed Apr 16, 2014 8:25am EDT
 
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April 16 (Reuters) - U.S. auto parts maker Johnson Controls said it would buy Air Distribution Technologies, which makes air ventilation products used in buildings, from the Canada Pension Plan Investment Board for about $1.6 billion.

Johnson Controls makes car interiors and batteries as well as heating, ventilation and cooling systems for buildings. (Reporting by Mridhula Raghavan in Bangalore; Editing by Saumyadeb Chakrabarty)