Tag: Tyco Fire and Security
SimplexGrinnell now part of 'smaller, leaner, more focused Tyco'
October 3, 2012Tess Nacelewicz
WESTMINSTER, Mass.—Tyco is now a pure-play fire protection and security company, having just shed its ADT home security and flow control businesses. And one of the new Tyco's key components—SimplexGrinnell, a fire and life safety company based here—expects to benefit from the ability of the leaner Tyco to hone in on fire and security.“Being a little smaller and more focused will make us a bit more agile in responding to the needs of our customers,” SimplexGrinnell President...
This Blog's on Fire (And Other Stuff)
Tyco sets stock distribution date for ADT split
September 7, 2012Tess Nacelewicz
The big development we're all awaiting in the industry is ADT parent company Tyco International's split into three independently traded companies as of Oct. 1: The ADT Corp., Tyco Fire and Security and Tyco Flow Control International, which will be renamed Pentair Ltd.
In advance of the split, Tyco put out a news release this week announcing that Sept. 28 will be the date that distributions of equity interests in The ADT Corp. and Flow Control will be made to shareholders. Those two companies “are...