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Johnson Controls to acquire 90% stake in South American battery supplier

GLENDALE, WI (WTAQ) - Wisconsin's largest company has acquired 90 percent of a battery supplier in South America. 

Johnson Controls of Glendale said Friday it bought a majority share of MAC, which was started two years ago as a joint venture with Johnson. 

The purchase price and other terms were not disclosed. 

The partnership focused on the sales of lead-acid batteries, for which Johnson Controls is the worldwide market leader. 

The firm says the new acquisition will allow the business to keep growing in Central and South America.

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