This Month in History: Brengel discounts magazine speculation
Fred Brengel was Johnson Controls Chief Executive Officer from 1967 to 1988.
Nov. 23, 1977: Company later diversifies by acquiring battery manufacturer
Fred Brengel, the former CEO of Johnson Controls, was quoted in a Milwaukee Journal article from Nov. 23, 1977 that Johnson Controls was not "looking for a partner," discounting the suggestion that surfaced in a Forbes magazine article that the Company might be receptive to a merger.
In fact, less than one year after the Forbes article appeared, Johnson Controls would greatly diversify its makeup by acquiring battery manufacturer Globe-Union.
Brengel said that "different people are putting different interpretations" on the Forbes report on Johnson Controls. Referring to the magazine's comment that " ... Brengel might possibly be receptive to a partnership bid," Brengel said he did not know what "a partnership bid" meant.
As for Forbes' report that Brengel admitted to having had informal talks with many companies, including the air-conditioning manufacturers Trane and Carrier, Brengel said he wouldn't single out those companies. In fact, less than one year after the Forbes article appeared, Johnson Controls would greatly diversify its makeup by acquiring battery manufacturer Globe-Union.
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History
In 1885, long before anyone talked about carbon footprints or climate change, Warren Johnson launched a company to explore new ways to harness and conserve precious energy resources.