Tyco Electrical & Metal Products

Our History

	Today, Tyco International is a model of sophisticated and innovative manufacturing and service employing 250,000 employees worldwide. Tyco Electrical & Metal Products holds a leadership position in its specific market.
	1960 Tyco was founded in 1960 when Arthur J. Rosenburg, Ph.D., opened a research laboratory to do experimental work for the government. He incorporated the business as Tyco Laboratories in 1962. The Company went public in 1964, and in 1965 it began to acquire other companies to fill gaps in its development and distribution network. As a result, Tyco's thrust changed to manufacturing industrial products.By the end of the 1960’s, Tyco has acquired sixteen companies, including North American Printed Circuits, one of six companies that would later form Tyco's Printed Circuit Group. By the end of the 1960’s, Tyco has acquired sixteen companies, including North American Printed Circuits, one of six companies that would later form Tyco's Printed Circuit Group.
	1973-1982: Growth through Acquisitions In 1973, consolidated sales and stockholder equity reached $34 million and $15 million, respectively. The next year, Tyco's stock was listed on the New York Stock Exchange. By 1982, Tyco had become a much bigger and more diverse corporation with sales topping $500 million and a net worth of nearly $140 million.
	1982-1986: Developing Market Leadership It has always been Tyco's policy to acquire profitable companies and to operate them at continually increasing profitability for the benefit of its shareholders. For that reason, after Tyco's 1973-1982 period of rapid growth, management focused on strengthening the company from within. To do so, Tyco organized its subsidiaries into three business segments (Fire Protection, Electronics and Packaging), and created an operating plan that focused on strengthening market leadership and being the high-quality, low-cost producer within its markets.
	1986 to 2005: Synergistic-Strategic, Highly-Disciplined Acquisitions/Strong Organic Growth In 1986, Tyco returned its focus to sharply accelerating growth. During this period, it reorganized its subsidiaries into what became the basis for the current business segments: Electrical and Electronic Components, Healthcare and Specialty Products, Fire and Security Services, and Flow Control. The Company's name was changed from Tyco Laboratories, Inc. to Tyco International Ltd. in 1993, to reflect Tyco's global presence. Furthermore, it became, and remains, Tyco's policy to add high-quality, cost-competitive, lower-tech industrial/commercial products to its product lines whenever possible. The Company also adopted synergistic and strategic acquisition guidelines which established three base-line standards for potential acquisitions: An acquisition candidate must be in a business related to one of Tyco's four business segments; It must be able to expand the product line and/or improve product distribution for at least one of Tyco's business segments; It must have excellent long-term growth prospects. It must be using a manufacturing and/or processing technology already familiar to one of Tyco's business segments if it plans to introduce a new product or product line. Using the synergistic/strategic guidelines and stringent financial requirements to guide acquisitions, Tyco succeeded in significantly improving the Company's positions in each of its four business segments. Major acquisitions included:
	1986 Grinnell Corporation
	1988 Allied Tube and Conduit 1989 Mueller Company
	1991 Wormald Int. Limited
	1992 Neotecha
	1993 Hindle/Winn
	1994 Classic Medical, Uni-Patch and Promeon, Preferred Pipe Kendall International Co.
	1995 Tectron Tube Unistrut Earth Technology Corporation
	1996 Professional Medical Products, Inc. Thorn Security Carlisle Watts Waterworks Sempell ElectroStar
	1997 American Pipe & Tube Submarine Systems Inc. ADT Keystone INBRAND
	1998 Sherwood Davis & Geck United States Surgical Wells Fargo Alarm, EntAlarmingmguard, and Holmes Protection Group
	1999 AMP Raychem Glynwed Temasa Central Sprinkler Divestiture of Mueller/Grinnell Supply Sales
	2000 General Surgical Innovations Siemens Electrochemical Components AFC Cable Systems Praegitzer In addition, during the period from 1986 to the present, a number of smaller acquisitions were made to strengthen specific product lines or enhance the Company's competitive position in the various segments. As a result of these acquisitions, as well as strong growth of existing operations, Tyco today has a leading market share position in each of its business segments. It remains committed to being the low-cost, high value producer in each of its manufacturing divisions, as well as a world-class service provider to customers around the world.
	2001 Mallinckrodt Inc. (NYSE: MKG) The CIT Group, Inc. Paragon Trade Brands, Inc. (OTC Bulletin Board: PGTR) SecurityLink and Southern California Edison Sensormatic Simplex Time Recorder MacFarlane Plastics Scott Technologies Lucent Power Systems
	New product launches included Nellcor's fetal oximeter, which revolutionizes the way doctors can onitor a fetus's heartbeat; ADT's Safewatch™ iCenter, an Internet-enabled home security system; and new automotive radar sensors that improve driver safety, a new automotive radar sensor to further improve driver and passenger safety; an electrical distribution box system for the automotive market; chip carrier sockets for Intel's Pentium 4 processor; and interconnect products for Sony's Memory Stick and PlayStation 2.
	2002 CII Technologies In January 2002 Tyco announced a plan to separate the company into four independent, publicly traded companies. In April, after re-evaluating the initial break-up plan, the Company decided to terminate the plan and monetize CIT through a 100% public offering. In June, Chairman and CEO Dennis Kozlowski resigned and former Tyco CEO John F. Fort became interim CEO until the Board's search for a permanent replacement was completed. The Board of Directors launched an internal investigation, under the direction of independent outside counsel, to review past use of Company funds by Tyco's former chief executive officer. The CIT IPO was completed by Tyco in July 2002 and raised $4.6 billion. In July, Edward D. Breen was appointed the new Chairman and CEO of Tyco International. Mr. Breen immediately took actions to help stabilize the company and restore shareholder confidence. The new CEO brought a world-class leadership team to Tyco with appointments of David FitzPatrick as Executive Vice President and CFO, William Lytton, Executive Vice President and General Counsel, and Eric Pillmore, Senior Vice President of Corporate Governance. In August, Tyco announced the appointment of Jack Krol to the Board of Directors. With the priority of improving Tyco's Corporate Governance, Mr. Krol was appointed lead director of the Board and Tyco committed to replacing the Board of Directors with all independent directors.
	2003 Phase 1 of the internal investigation was concluded in September 2002 and in-depth review of the company’s accounting practices was conducted in a Phase 2 investigation. Having successfully completed the internal investigations in Q1 of 2003 and determining that there was no significant fraud affecting the company's prior financial statements, Tyco now focused on profitability and organic growth of its businesses. Tyco formed its Plastics & Adhesives business segment, carved out from the Healthcare & Specialty Products segment. The newly created segment manufactures a wide range of products, including polyethylene-based films, packaging materials, laminated and coated products, plastic bags, sheeting and garment hangers, specialty adhesives and tapes, and corrosion protection products. Tyco’s newly appointed Board of Directors voted to take several actions, beyond those that had already been implemented under the company’s new management, to improve corporate governance at Tyco. The actions included: Re-election by the independent directors of John A. Krol as Lead Director; New assignments for membership on the Board’s committee; Adoption of new Board Governance Principles; Adoption of a new employee Guide to Ethical Conduct; And the adoption of a new Delegation of Authority policy to strengthen control over cash disbursements at the Company. New product launches included: ADT Security Services’ portable Global Positioning Satellite system (GPS) locator and safety device for vehicles that gives both drivers and their loved ones peace of mind when they are on the road Nellcor’s line of high-quality INdGO™ Disposable Manual Resuscitators which provide a convenient, cost-effective way for clinicians and first responders to meet current clinical guidelines requiring the use of CO2 detection during intubation.
	2004 Tyco International’s multitude of products and services play a vital role in satisfying the needs of people and companies around the world, every minute of the day, but company research showed that customers didn’t understand the breadth and depth of Tyco’s offerings. Aiming to significantly improve customer awareness and understanding and revive its corporate image, Tyco launched a new global print adv-ertising campaign under the theme line "A vital part of your world," in June 2004. On Oct. 5, 61-year-old Mark Junge from Cheyenne, Wyo., pedaled into New York’s Times Square for a victory celebration after cycling across the United States. This cross-country trek was unlike any other because Mr. Junge (pronounced “Young-ee”) suffers from blood clots in his lungs. He traveled the entire Lincoln Highway journey with a HELiOS® Plus Portable Oxygen Unit, from Puritan Bennett, a business unit of Mallinckrodt, part of Tyco Healthcare, on his hip. Unlike cumbersome traditional oxygen canisters, the HELiOS Plus unit is only 10 inches tall, weighs 3.6 pounds when filled and lasts up to 10 hours on a setting of two liters per minute. Tyco agreed to sell its Tyco Global Network to Videsh Sanchar Nigam Limited (VSNL), India’s leading telephone and internet services provider. Divestiture of the TGN is part of the company’s strategy to sharpen its focus on core businesses, simplify operations and improve its cost structure. Tyco does retain the telecommunications systems supply business, which provides maintenance and undersea cable construction.
	2005 Valleylab Tyco Healthcare's surgical business agreed to acquire a controlling interest in Floréane Medical Implants, S.A. ("Floréane"). M/A-COM, a business unit of Tyco Electronics, signed a contract to design, deploy, operate and maintain New York’s Statewide Wireless Network (SWN) with the New York State Office of Technology. The contract amount is valued at approximately $2 billion over 20 years, making it the largest statewide public safety communications project to be awarded in the United States. Tyco announced that it reached a definitive agreement to sell its Plastics, Adhesives and Ludlow Coated Products businesses to an affiliate of private investment firm Apollo Management, L.P. Earlier in the year Tyco announced its intent to sell its Plastics & Adhesives business segment, which no longer fit within the company’s portfolio. ADT Security Services debut of its ADT® WellHealth™ line of health monitoring services at the White House Conference on Aging in Washington, D.C. ADT’s WellHealth solutions can help people remain independent in their homes longer and reduce preventable hospital care -- helping to reduce medical costs for individuals and employers, as well as private and government health insurers. Tyco published its first annual Environment, Health and Safety (EHS) report. The report is part of Tyco’s ongoing commitment to developing EHS excellence and best practices across the company. The report is significant in demonstrating Tyco’s successful development and implementation of global EHS policies, management systems and directives to sustain compliance obligations and internal company requirements.
	2006 Tyco announced that its Board of Directors approved a plan to separate the company’s current portfolio of diverse businesses into three separate, publicly traded companies – Tyco Healthcare, one of the world’s leading diversified healthcare companies; Tyco Electronics, the world’s largest passive electronic components manufacturer, and the combination of Tyco Fire & Security and Engineered Products & Services (TFS/TEPS), a global business with leading positions in residential and commercial security, fire protection and industrial products and services. This new (TFS/TEPS) company is Tyco international, Ltd. And consists of five groups: ADT Worldwide, Fire Protection Services, Tyco Safety Products, Flow Control, and Tyco Electrical & Metal Products.
	Tyco Electrical & Metal products now consists of six groups; Electrical, Mechanical, Fence, Automotive, Fire Protection and Constuction. Back To Top