NEW YORK (Reuters) - Johnson Controls, whose business makes power supply and interior parts for auto manufacturers, could get a boost from its most recent unit that does the same for buildings, according to an article in Barron's August 16 edition.
The company's fastest growing business has been Building Efficiency, which makes and services products used for heating, ventilation, security and lighting large buildings, Barron's said. The division took the spotlight when it nabbed the assignment to bring the 80-year-old Empire State building to the environmentally friendly realm.
Johnson Controls raised its profile in the area five years ago when it acquired York International, an independent supplier of HVACR equipment and services. Revenue and profits from the building-controls business more than doubled between fiscal year 2005 and 2009, Barron's said.