Johnson Controls Buys York
November 1, 2005
A huge deal recently went down in the HVAC sector with the announcement that Johnson Controls will acquire York for some $3.2 billion. York, with estimated sales of nearly $5 billion, will become part of the nearly $6 billion Controls Group of Johnson Controls. Johnson's fiscal 2005 consolidated sales from continuing operations, including its automotive seating/interiors and battery businesses, are forecast at nearly $28 billion.