Manufacturing/Logistics

Glendale-based Johnson Controls Inc. has agreed to acquire air distribution and ventilation product manufacturer Air Distribution Technologies Inc. for about $1.6 billion.
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Milwaukee-based Rexnord Corp. has acquired wastewater pretreatment solution provider Green Turtle Technologies Ltd., Green Turtle Americas Ltd. and Filamat Composites Inc.
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Milwaukee-based mining equipment manufacturer Joy Global Inc. has agreed to acquire certain assets of Ontario-based Mining Technologies International Inc. for $46.5 million.
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Milwaukee-based Sensient Technologies Corp. reported a first quarter net loss of $2.07 million, or 4 cents per share, down significantly from net earnings of $21.4 million, or 43 cents per share, in the same period a year ago.
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MillerCoors received several honors at the 2014 World Beer Cup.
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Thermo Fisher Scientific is permanently closing its Brown Deer facility, affecting 54 employees.
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Two beers from Glendale-based Sprecher Brewing Company have won medals in the 2014 World Beer Cup, an international beer competition held in Denver, Colo.
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Glendale-based Johnson Controls received the Wisconsin Sustainable Business Council’s “Sustainable Product of the Year" award for its Micro Hybrid battery. The battery, developed at its Glendale headquarters, is a Lithium-ion based system that works in tandem with the conventional starter battery to cut a vehicle’s fuel consumption by as much as 15 percent, the company said. “We are excited to bring to market an energy storage solution that helps automakers meet increasing fuel economy and emissions restrictions, helps consumers save money at the pump, and supports sustainability by reducing each driver’s carbon footprint,” said MaryAnn Wright, global vice president for engineering and product development at Johnson Controls Power Solutions. The Micro Hybrid was selected from 31 entries. “We were thoroughly impressed by the magnitude and depth of sustainable work being done by companies in Wisconsin,” said Tom Eggert, executive director of the Wisconsin Sustainable Business Council. “The Micro Hybrid from Johnson Controls exemplifies innovative, sustainable, economically viable product development taking place in this state.”
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The 2014 BizTimes M&A Forum will be held on Friday, May 2, to offer professional insight for those who are considering buying or selling a business. The forum will take place from 7:30 to 11:30 a.m. at the Milwaukee Marriott Downtown in Milwaukee.
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Thermo Fisher Scientific is permanently closing its Brown Deer facility, affecting 54 employees.
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