Jul 10 2011 |
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Tyco International Completes Acquisition of Emirates-based Valve Manufacturer KEF Holdings
Tyco now uniquely positioned to design and manufacture products, and provide services locally
"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."
"This new entity brings together two great companies, each with superior industry attributes," said Faizal Kottikollon, Founder and CEO of KEF Holdings . "It combines Tyco's product knowledge, operational expertise and advanced flow control technology with KEF 's deep design experience, local manufacturing and customer channels. Together, we will deliver best-in-class products and services that are key to the industries in the Middle East."
"For nearly four decades, Tyco has invested in its growing presence in the Middle East, and this acquisition is another example of our ongoing commitment to the region," said David Dunbar, President, Valves & Controls, Tyco Flow Control. "As we continue to build our business in the Middle East, we will employ local talent and continuously seek opportunities to help grow and develop local communities."
-Ends-
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 unit of Tyco International Ltd. (NYSE: TYC), is a leading global manufacturer and marketer of valves and controls, water and environmental systems, and heat management solutions to vital industries including energy, power, water, mining, chemical, food & beverage, and construction. Tyco Flow Control has more than 15,000 employees in more than 300 locations globally. For more information on Tyco Flow Control, please visit www.tycoflowcontrol.com.
Contacts:
Pattie Pan
Tyco Flow Control
+1-609-806-2940
ppan@tyco.com
Ali Sharif
Promax PR, Dubai
+971-50-1671783
ali.sharif@promaxpr.com
© Press Release 2011
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