Wichita plant owner Johnson Controls merges with Tyco

Johnson Controls, which owns a plant at 801 E. 37th St. North, announced Monday that it is merging with Tyco, a global fire and security provider, to create the $32 billion maker of building products and technology, integrated solutions and energy storage.

Johnson Controls, a global maker of building control systems and batteries, and Tyco will combine under Tyco International plc, which is headquartered in Cork, Ireland, but will be renamed Johnson Controls plc and listed on the New York Stock Exchange under the “JCI” ticker. Company officials said the combined company can better capture growth from the increased connectivity in homes, buildings and cities.

The Wichita plant, which makes home air conditioners, furnaces and air handling equipment, employs about 1,200 people.

The operational headquarters of the merged company will remain in Milwaukee, where Johnson Controls is headquartered. But moving the corporate headquarters to Ireland will save the company $150 million per year in taxes. The company said it also expects $500 million in other savings.

This story was originally published January 25, 2016 at 11:12 AM with the headline "Wichita plant owner Johnson Controls merges with Tyco."