Tyco International announced Tuesday that is has reached an agreement to acquire Chemguard, a Mansfield, Texas-based provider of fire suppression products and specialty chemicals.
According to a statement, Chemguard will be integrated into Tyco’s Fire Protection Products business unit.
"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 Tyco Chairman and CEO Ed Breen in the statement. "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."
In fire suppression, Chemguard produces a 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 include fluorosurfactant and hydrocarbon products for firefighting and other industrial applications.
"Chemguard is a respected industry leader with a talented team of professionals and a track record of developing innovative products and services to enhance fire suppression and safety," said Colleen Repplier, president of Tyco Fire Protection Products. "This acquisition will enable us to accelerate new product development, expand our geographic presence, deepen our technical expertise and broaden our product offerings and service capabilities."
The deal is expected to close in the second half of 2011.