Johnson Controls forming new auto seating unit named Adient
Automotive seating component and systems supplier Johnson Controls Inc. is forming a new seating and interiors spin off business named Adient.
The publicly traded company will officially be established in October 2016.
“Adient is a positive, powerful name that underscores our unique point of differentiation, namely, our ability to bring the right pieces together the right way, at precisely the right time, to deliver the best value for our customers,” said Bruce McDonald, current Johnson Controls vice chairman and future chairman and CEO of Adient. “The announcement of our new name is the first step on our journey to launch our new brand and to defining our future as a successful, independent company.”
Milwaukee, Wis.-based Johnson Controls said it will release detailed financial information to the U.S. Securities and Exchange Commission in late March or early April.