Tyco International to Acquire Valve Manufacturer KEF Holdings in the United Arab Emirates for $300M

Tyco International Ltd. TYC, announced today that it has signed a definitive agreement to acquire a 75% equity stake in privately-held KEF Holdings Ltd. for approximately $300 million in cash. Based in the United Arab Emirates, KEF is a fully integrated valve manufacturer and one of the world's leading providers of steel castings to the oil and gas, chemical, mining and power industries.