SCHAFFHAUSEN, Switzerland, Sept. 2, 2011 /PRNewswire/ -- Tyco International Ltd. (NYSE: TYC) today announced that the company has completed the acquisition of Chemguard, Inc., a leading provider of fire suppression products and specialty chemicals for approximately $130 million.
Founded in 1984 and based in Mansfield, TX, Chemguard's fire suppression portfolio includes an extensive line of foam concentrates, firefighting hardware and engineered foam systems for a broad range of industrial applications. The company's specialty chemicals portfolio includes fluorosurfactant and hydrocarbon products for firefighting and other industrial applications.
"We're excited about the Chemguard acquisition, which broadens our global portfolio of firefighting foam products and services," said George Oliver, President, Tyco Fire Protection. "Chemguard's expertise in firefighting foam chemistry and applications will enhance our R&D efforts and enable us to speed our time to market with innovative products and services. The acquisition also strengthens our regional presence in our high-growth markets in the Middle East, Latin America and Asia Pacific."
The Chemguard business, which has annualized revenue of approximately $90 million, will be integrated into Tyco's Fire Protection segment, a leading global provider of fire detection, fire sprinkler, fire suppression, special hazard and emergency communications solutions.
ABOUT TYCO INTERNATIONAL
Tyco International Ltd. (NYSE: TYC) is a diversified, global company that provides vital products and services to customers around the world. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco had 2010 revenue of more than $17 billion and has more than 100,000 employees worldwide. More information on Tyco can be found at www.tyco.com.
SOURCE Tyco International Ltd.