Tyco International Completes Acquisition of Valve Manufacturer KEF Holdings Ltd.
Acquisition expands Tyco presence in Middle East region and offers customers localized products and services
SCHAFFHAUSEN, Switzerland, June 29, 2011 /PRNewswire/ -- Tyco International Ltd. (NYSE: TYC) announced today that it has completed its acquisition of a 75 percent equity stake in United Arab Emirates-based KEF Holdings Ltd., an integrated valve manufacturer and provider of steel castings to the oil and gas, chemical, mining and power industries.
"This acquisition gives us a solid platform for growth and expansion in the Middle East region," said Patrick Decker, President of Tyco Flow Control. "It provides us with a local, fully-integrated manufacturing facility in the region while broadening our product portfolio to serve the needs of our customers worldwide."
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 $17 billion and has more than 100,000 employees worldwide. More information on Tyco can be found at www.tyco.com.
About Tyco Flow Control
Tyco Flow Control, a business segment of Tyco International Ltd., is a leading global manufacturer and marketer of valves and controls, water and environmental systems, and thermal control solutions to vital industries including energy, power, water, mining, chemical, food & beverage, and construction. For more information on Tyco Flow Control, visit www.tycoflowcontrol.com
SOURCE Tyco International Ltd.
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