is a diversified manufacturing and service company, with five main operating groups. Swartz (former Tyco CFO) on numerous counts of grand larceny, securities fraud, and enterprise corruption.Ģ003: Restructuring is launched that involves the divestiture of more than 50 noncore businesses, the elimination of about 7,200 jobs, and the closure of 219 facilities worldwide.Ģ004: The trial of Kozlowski and Swartz ends in a mistrial. Breen is brought in from outside as the new chairman and CEO Tyco reports a net loss of $9.41 billion New York prosecutors indict Kozlowski and Mark H. is acquired for $9.5 billion.Ģ002: Tyco announces plans to split into four separate publicly traded companies but soon reverses course, splitting off only CIT Group through a public offering Kozlowski resigns under a cloud of suspicion Edward D. Dennis Kozlowski succeeds Fort as CEO.ġ993: The company changes its name to Tyco International Ltd.ġ997: Tyco acquires the undersea cable-laying and maintenance operations of AT&T Corp., Keystone International Inc., and Bermuda-based ADT Limited Tyco merges into the latter, becoming a Bermuda-domiciled firm.ġ998: Acquisitions include American Home Products' Sherwood-Davis & Geck division and United States Surgical Corporation.ġ999: AMP Incorporated is acquired for $11.3 billion Raychem Corporation is also acquired.Ģ000: Tyco acquires the global electronics connectors business of Thomas & Betts Corporation, Lucent Technologies Inc.'s power-systems division, and Mallinckrodt Inc.Ģ001: CIT Group, Inc. Fort succeeds him the new leader soon divests peripheral units and reorganizes the remaining operations into three divisions: fire protection and plumbing, electronics, and packaging.ġ986: Grinnell Flow Control is purchased from ITT.ġ987: The acquisition of Allied Pipe & Tube Corporation is completed.ġ990: Australia-based Wormald International Limited is acquired.ġ992: L. Gaziano is appointed chairman and CEO.ġ974: Tyco stock is listed on the New York Stock Exchange Simplex Wire and Cable Company is acquired.ġ975: The Grinnell subsidiary of International Telephone and Telegraph (ITT) is acquired.ġ982: Gaziano dies suddenly John F. and changes the focus to high-tech products for the commercial sector.ġ965: Mule Battery Manufacturing Company is the firm's first acquisition the company changes its name to Tyco Laboratories, Inc.ġ970: Rosenburg is eased out by the board of directors.ġ973: Joseph P. Rosenburg opens a research laboratory in Waltham, Massachusetts, doing experimental work for the government.ġ962: Rosenburg incorporates Tyco, Inc. Our mission: to increase the value of our company and our global portfolio of diversified brands by exceeding customers' expectations and achieving market leadership and operating excellence in every segment of our company.ġ960: Arthur J. 421610 Electrical Apparatus & Equipment, Wiring Supplies, & Construction Material Wholesalers 561621 Security Systems Services (Except Locksmiths) 339113 Surgical Appliance & Supplies Manuf. 339112 Surgical & Medical Instrument Manuf. for Measuring, Displaying, & Controlling Industrial Process Variables 335929 Communications Wire & Cable 335931 Current-Carrying Wiring Device Manuf. 334418 Printed Circuit Assembly 334513 Instruments & Related Product Manuf. 334290 Other Communications Equipment Manuf. 332996 Fabricated Pipe & Pipe Fitting Manuf. ![]() ![]() 332919 Other Metal Valve & Pipe Fitting Manuf. 332912 Fluid Power Valve & Hose Fitting Manuf. NAIC: 322221 Coated & Laminated Packaging Paper & Plastics Film Manuf.
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