Tyco International is a global company that supplies many goods and services to residential and commercial customers. Tyco is made up of five business segments: ADT Worldwide, Fire Protection Services, Safety Products, and Flow Control Electrical and Metal Products. Tyco meets the needs of businesses, governments, educational institutions, medical institutions, and commercial industries.
In 1960 Tyco Inc. was formed as an investment and holding company with two segments; Tyco Semiconductor and the Materials Research Laboratory. The business was supported mainly by U.S. government research contracts to perform experiments in the private sector. In 1962 the two holdings merged and Tyco became incorporated. Soon after, management saw the commercial applications of their work. Tyco began to seek acquisitions in order to develop product, manufacturing and marketing capabilities. In 1964 Tyco became a publicly owned company and in 1965 their first acquisition was Mule Battery Products. Around the same time Tyco Inc. became Tyco Laboratories.
In 1974 Tyco’s stock was listed on the New York Stock Exchange and by 1982, Tyco had become much larger and diverse with $500 million in sales and a net worth of almost $140 million. Much of their rapid growth can be attributed to their larger acquisitions. A few of these included Simplex Technologies, Grinnell Fire Protection Systems, Armin Plastics, and the Ludlow Corporation. After the significant growth, Tyco began organizing itself into business segments (Fire Protection, Electronics, and Packaging) and creating an operating plan. Their focus was to be the high-quality, low cost producer in all of its markets.
Now, in 2008, Tyco provides hundreds of goods and services to customers worldwide with sales topping $18 billion for ...