Tyco International Acquires Leading Valve Manufacturer in Brazil

Tyco International Ltd. announced today that its Flow Control business has acquired two Brazilian valve companies in a move to expand its product and service offerings in Brazil and South America.

In connection with the transaction, Tyco Flow Control acquired Hiter Industria e Comercio de Controle Termo-Hidraulico Ltda (Hiter), a leading privately-held Brazilian valve manufacturer, and took full ownership of an existing joint venture that Tyco Flow Control had with Valvulas Crosby Industria e Comercio Ltda. The two businesses had combined revenues of approximately $66 million in 2008. More…