Glendale is now home to a new company as Johnson Controls completes sale of its battery business
The Milwaukee area is now the headquarters of a new company with $8 billion in revenue and 16,000 employees worldwide: Clarios.
The new company, based in Glendale, was created by Johnson Controls International plc’s sale of its automotive battery business for $13.2 billion.
The business was bought by Brookfield Business Partners L.P., a publicly traded limited partnership, and a group of institutional investors, including Caisse de dépôt et placement du Québec, which manages public pension plans in Quebec.
Clarios, which employs 500 people in the Milwaukee area, immediately becomes one of the state’s largest companies based on revenue.
Read more: https://www.jsonline.com/story/money/business/2019/05/01/johnson-controls-automotive-battery-business-now-new-company/3638011002/