Tyco to acquire US specialty firm Chemguard
7/19/2011 12:00:00 AM
Financial terms were not disclosed. Chemguard will be integrated into Tyco's fire protection products business unit.
Founded in 1984 and based in Mansfield, Texas, Chemguard is a fully-integrated provider of fire suppression products and specialty chemicals.
In fire suppression, Chemguard produces an extensive line of foam concentrates as well as firefighting hardware and engineered foam systems for industrial, marine, petrochemical/energy, warehousing, forestry and airport hangar applications.
The company's specialty chemicals portfolio includes fluorosurfactant and hydrocarbon products for firefighting and other industrial applications.
"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," said Ed Breen, Tyco CEO.
The Chemguard business consists of specialty chemical formulation, dry chemical blending and packaging, foam concentrate blending and packaging, hardware manufacturing, product testing and quality assurance.
Through its acquisition of Williams Fire & Hazard Control in 2010, Chemguard expanded its offerings to include high flow firefighting equipment and services, training and safety consulting.
Williams has more than 40 years of experience in the industrial firefighting industry and is recognized worldwide for its expertise in the suppression of flammable liquid and gas fires, the companies said.
The transaction is expected to close in the second half of calendar 2011.
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