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Johnson Controls Acquires Skymark International Acquisition serves as catalyst to HVAC/R product line expansion
Milwaukee, WI - November 15, 2007 - Johnson Controls, Inc. (NYSE:JCI), the global, multi-industrial leader in creating smart environments, today announced that it has acquired Skymark International, Inc. an indoor packaged HVAC products manufacturer headquartered in Ontario Canada. Specific terms of the agreement were not disclosed.
Skymark designs and manufactures indoor, through-the-wall and self-contained packaged HVAC products used in new, retrofit and renovation projects throughout North America.
"Skymark brings an enhanced and expanded HVAC/R product line to Johnson Controls, allowing us to better serve our customers' needs," said Allen Martin, Johnson Controls vice president and general manager for Systems business in North America, Latin America, & the Middle East. "In addition to being able to offer our current customers Skymark heating and cooling systems, we remain committed to effectively serving Skymark's customer base with Johnson Controls technologies."
Gunther Hammer, president of Skymark said, "Joining forces with Johnson Controls gives our products an expanded market reach, enhancing the new construction, retrofit and renovation capabilities throughout the HVAC/R industry."
Skymark has more than 20 years of expertise in design and manufacture of indoor packaged air-conditioning units, including heat pumps. For 17 years, they have been producing specific York-branded product lines for Johnson Controls North American distribution channel. The company manufactures all of its products at a 120,000 sq. ft. facility in Ajax, Ontario, Canada, using a management operating system to schedule each product line through an efficient manufacturing process. Skymark's continuous improvement policy constantly challenges the manufacturing process and provides superior on-time delivery performance, with each and every product tested prior to shipping. For information on Skymark's product offerings, visit www.skymarkinternational.com
About Johnson Controls, Inc.
Johnson Controls (NYSE: JCI - News) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com
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