Tyco International Ltd. (NYSE: TYC) announced that its Flow Control business has acquired two Brazilian valve companies in a move to expand its product and service offerings in Brazil and South America. Tyco Flow Control acquired Hiter Industria e Comercio de Controle Termo-Hidraulico Ltda, a leading privately-held Brazilian valve manufacturer, and took full ownership of an existing joint venture that Tyco Flow Control had with Valvulas Crosby Industria e Comercio Ltda. The two businesses had combined revenues of approximately $66 million in 2008.
Acquisitions & Mergers …Tyco International Ltd.
February 1, 2010