Johnson Controls (JCI) Announces Completion of Adient (ADNT) Separation

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Go back to Johnson Controls (JCI) Announces Completion of Adient (ADNT) Separation

Johnson Controls completes separation of Adient

October 31, 2016 7:45 AM EDT

CORK, Ireland, Oct. 31, 2016 /PRNewswire/ -- Johnson Controls (NYSE: JCI) announced today its automotive seating business is now Adient (NYSE: ADNT), an independent, publicly traded company with 75,000 employees globally focused on strengthening its market leading position.

The separation of Adient completes a process begun more than a year ago when Johnson Controls announced its plan to spin off the automotive seating business as part of its multi-industrial strategy focused on making investments in the company's core growth platforms around buildings and energy.

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