OREANDA-NEWS. November 09, 2012. Onex Corporation ("Onex") (TSX: OCX) and Canada Pension Plan Investment Board ("CPPIB") today announced the completion of the acquisition of Tomkins’ Air Distribution division by CPPIB for USD 1.1 billion. With this acquisition, CPPIB has acquired directly a significant majority interest in the Air Distribution division, including the portion that CPPIB did not currently own indirectly through Tomkins.

 In 2010, Onex and CPPIB jointly acquired Tomkins, an industrial holding company that operates a number of businesses serving the general industrial, automotive and construction markets around the globe.

 Tomkins’ Air Distribution division is a leading North American manufacturer of products that are used to distribute, recycle and vent air, and which are critical components of HVAC systems within non-residential and residential buildings. The Air Distribution division designs and manufactures a broad range of products which are marketed under many well-known brand names including Titus, Krueger, Ruskin and Hart & Cooley.

 RBC Capital Markets, UBS and Barclays served as financial advisers to CPPIB. Credit Suisse, BofA Merrill Lynch and Citigroup served as financial advisers to subsidiaries of Tomkins involved in the transaction.