Johnson Controls Buys Stake In Michigan Auto Parts Manufacturer

Jan. 13, 2005
Milwaukee-based Johnson Controls Inc. has purchased stock in the Donnelly Corp., another automotive systems manufacturer. Donnelly is a Michigan supplier of automotive rearview-mirror systems, modular window systems, and handle products. The 1.54 ...

Milwaukee-based Johnson Controls Inc. has purchased stock in the Donnelly Corp., another automotive systems manufacturer. Donnelly is a Michigan supplier of automotive rearview-mirror systems, modular window systems, and handle products. The 1.54 million shares purchased represent about 3.3% of the voting power of Donnelly, and 15.1% of its common shares outstanding. Johnson Controls, a $17.2 billion company, said it already has a positive relationship with Donnelly and that it has no other plans with respect to the company. In the automotive market, Johnson Controls is a major supplier of seating, interior systems, and batteries. For nonresidential facilities, Johnson Controls provides building control systems and services, energy management, and integrated facility management.

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

Are You Positioned To Tackle Supply Chain Risk?

Sept. 20, 2023
Supply chain disruption is here to stay, but you can keep ahead of potential issues — and identify new opportunities — by regularly assessing your suppliers. Download our supplier...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!