Johnson Controls to Buy Plants

Daily Herald (Arlington Heights, IL), March 25, 2010 | Go to article overview

Johnson Controls to Buy Plants


Johnson Controls to buy plants

ARLINGTON HEIGHTS -- Johnson Controls Inc., through an affiliate, has a contract to buy two plants from Visteon Corp. that make parts for Chrysler Group LLC. The price is $17 million. Locally, Johnson Controls has operations in Arlington Heights, Chicago, Burr Ridge, Sycamore and West Chicago. The hearing for approval of the sale will occur Tuesday, April 13. Visteon filed a revised reorganization plan this month that won't wipe out unsecured creditors. That plan allows for secured lenders owed $1.63 billion to have 85 percent of the stock. Visteon filed for reorganization in May, listing assets of $4.6 billion against debt totaling $5.3 billion.

Lysacek honored at lunch

NAPERVILLE -- The Naperville Chamber of Commerce is honoring the achievements of 2010 U.S. Olympic Gold medalist Evan Lysacek at a special Membership Luncheon Friday, March 26. The event will be at noon at White Eagle Golf Club, 3400 Club Drive. The cost of the luncheon is $25. The luncheon will be open to the community, while ABC's "Dancing With the Stars" will be taping the event for its program.

ConAgra Foods wins award

ST. CHARLES -- ConAgra Foods Inc., a food maker with operations in Naperville, St. Charles and Glen Ellyn, was awarded Gold, the top honor, from the Advertising Research Foundation David Ogilvy Awards for Excellence in Advertising Research for its Shopper Seasons research and activation. The research won in the Shopper Marketing category. …

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