Key Highlights

  • Air Products appointed Kurt Lefevere and Francesco Maione as Group Presidents, effective November 1, 2026.
  • Truelink Capital agreed to acquire Johnson Controls' global intrusion products business, with closing expected in the first half of 2027.
  • Cementos Pacasmayo reported third-quarter net income of S/121.4 million, up 69.8%.
  • Pacasmayo's third-quarter consolidated EBITDA rose 45.1% to S/233.1 million.

Three industrial companies issued announcements on October 26, 2026. Air Products (NYSE:APD) named two Group Presidents, Johnson Controls (NYSE:JCI) became the seller in a definitive agreement announced by Truelink Capital, and Cementos Pacasmayo S.A.A. (NYSE:CPAC) published results for the third quarter and first nine months of 2026.

Air Products Names Group Presidents

Air Products appointed Kurt Lefevere and Francesco Maione as Group Presidents, effective November 1, 2026. Both will keep reporting to Chief Executive Officer Eduardo Menezes. Lefevere, currently President of Air Products Asia, becomes Group President, Americas, covering North America and South America atmospheric gases, North America HyCO and several equipment businesses. Maione, currently President, Americas, Helium and Rare Gases, becomes Group President, EMEA and Asia, covering Asia, Europe and Africa, the Middle East and India, and Helium and Rare Gases. The company said the structure supports accountability, coordination and execution.

Johnson Controls Intrusion Business Sale

Truelink Capital, a Los Angeles-based private equity firm, signed a definitive agreement to acquire the global intrusion products business of Johnson Controls. The business makes panels, sensors and detectors sold mainly through security dealers, under brands including DSC, Qolsys, PowerG, Visonic, Bentel and Sur-Gard. It is expected to become a standalone company after closing, which Truelink expects in the first half of calendar year 2027, subject to customary conditions and regulatory approvals. Financial terms were not disclosed. Evercore advised Truelink.

Cementos Pacasmayo Third-Quarter Results

Pacasmayo reported that third-quarter sales volume of cement, concrete and precast rose 14.2% and revenues increased 16.3%. Consolidated EBITDA climbed 45.1% to S/233.1 million, with a margin of 34.9%, up 7.0 percentage points, and net income was S/121.4 million, a 69.8% increase. For the nine months, revenues rose 14.4%, EBITDA increased 37.7% to S/585.8 million at a 32.9% margin, and net income grew 63.1% to S/280.6 million. A conference call was scheduled for October 27, 2026, at 1:00 p.m. Eastern Time.

Why This Could Matter

Each release touches a different part of corporate reporting. For Air Products, the appointments define leadership of regional and project delivery responsibilities, which Menezes said more closely connects project delivery with the businesses and customers they support. For Johnson Controls, the Truelink announcement describes the planned transfer of a product business, and Truelink noted that it follows its 2024 acquisition of another Johnson Controls carve-out, Air Distribution Technologies, Inc. For Pacasmayo, the figures show volumes, prices and energy costs feeding through to profit, with the company citing lower energy costs and the completion of the Piura airport project.

Closing Summary

The three updates cover a leadership restructuring at Air Products, a planned divestiture of a Johnson Controls business with undisclosed terms, and higher quarterly and nine-month earnings at Cementos Pacasmayo.