Tyco International to Acquire Chemguard, Provider of Fire Suppression Products and Specialty Chemicals

Tyco International Ltd. TYC announced today that it has reached an agreement to acquire privately-held Chemguard, Inc., a leading provider of firefighting foam concentrates and equipment, foam systems, services and specialty chemicals. Chemguard will be integrated into Tyco's Fire Protection Products business unit. Founded in 1984 and based in Mansfield, TX, 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 Chairman and Chief Executive Officer. "Chemguard provides an excellent strategic fit with our fire suppression business where Tyco is a world leader in protecting people and property in industrial, commercial, institutional and residential facilities." The transaction is expected to close in the second half of calendar 2011. The transaction is subject to customary closing conditions including clearance under the Hart Scott Rodino Act.