Johnson Controls International plc is exploring options for its power solutions business, which in 2016 produced 152 million lithium-ion and lead-acid batteries annually for automakers and aftermarket distributors.
Battery cases and covers from the buildings and energy solutions provider are injection molded and made with polypropylene.
Johnson Controls, which has global headquarters in Glendale, Wis., said in a March 12 news release that the company is considering "alternative strategies" for its battery business due to operational opportunities and requirements between the power solutions business and its integrated buildings technology segment.
"Creating shareholder value is our top priority. Our focus is on improving operational execution, realizing merger synergy and productivity benefits, and optimizing the business portfolio," George Oliver, chairman and CEO, said in a statement, citing the "differing dynamics" between the two platforms.
In addition, Oliver said the announcement reflects the company's strategy to further strengthen and invest in market areas such as HVAC, fire and security solutions.
In 2017, the power solutions business generated sales of $7.3 billion, up 10 percent from the previous year. The segment employs 15,000 workers who create, manufacture and distribute the advanced batteries. The company has more than 50 battery manufacturing, distribution and recycling locations worldwide.
In comparison, its buildings technologies and solutions segment generated $22.8 billion in sales for 2017.
Johnson Controls said it expects to complete its assessment of the business in the next few months.