Tyco To Buy Central Sprinkler
Tyco, operating in more than 80 countries worldwide, also bought the electrical component maker Raychem Corp. for nearly $3 billion in May, and AMP Inc., an electronic device manufacturer, in April for $11.3 billion.
Central Sprinkler is a fire-sprinkler company with more than $220 million in annual revenue. According to Tyco, Central Sprinkler fits in with its businesses in the U.S., Canada and Europe. Fiscal revenues for Tyco in 1999 is expected at $22 billion.