This Month in History: Johnson Controls acquires Hoover Universal

On May 12, 1985, Hoover Universal, Inc. officially became a wholly-owned subsidiary of Johnson Controls. The proposed merger had been jointly announced a couple of months earlier, on March 4, by Fred Brengel, CEO of Johnson Controls, and John Daly, CEO of Hoover. Hoover's shareholders approved the transaction at a meeting on May 10 and agreed to exchange each share of Hoover stock for a .8381 share of Johnson stock.