Johnson Controls Plastech Asset Acquisition

On July 1, 2008, Johnson Controls acquired the interior product assets of Plastech Engineered Products, which had filed for bankruptcy, contributing cash and plants to a new entity in which it owns 70%.

“On July 1, 2008, the company announced the acquisition of the interior product assets of Plastech Engineered Products, Inc. (Plastech), which filed for bankruptcy in February 2008. The company owns 70% of the new entity with certain Plastech term lenders holding the minority portion.”

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