Tyco to Expand Fire Product Offerings With Chemguard Acquisition
BOCA RATON, Fla. — Tyco Int’l announced today it has reached an agreement to acquire privately-held Chemguard Inc., a provider of firefighting foam products and equipment. Chemguard will be integrated into Tyco’s Fire Protection Products business unit.
Based in Mansfield, Texas, Chemguard produces an extensive line of foam concentrates as well as firefighting hardware and engineered foam systems for industrial, marine, petrochemical/energy applications and more. The company also makes specialty chemicals for firefighting and other industrial applications. Its portfolio includes fluorosurfactant and hydrocarbon products.
“This acquisition will expand Tyco’s fire product and service offerings while advancing our overall strategy to increase our presence in our core security, fire and flow control platforms,” says Ed Breen, Tyco Chairman and CEO.
Given its leading position in the fire suppression and safety market, Tyco Fire Protection Products President Colleen Repplier says the deal for Chemguard will help Tyco expand its geographic presence.
“This acquisition will help us to accelerate new product development,” she says. “It will also help us deepen our technical expertise.”
Tyco expects the deal to close in the second half of 2011.
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