September 20, 2011 | Posted By Nancy Quaegebeur
It was recently announced that the big conglomerate Tyco International Ltd. is splitting up into three separate publically traded companies. According to Chairman and Chief Executive Ed Breen, the split into three separate companies, ADT North America home alarm business, Flow Control Industrial pipes and valves business and Commercial Fire and Security business “will give each greater flexibility to grow as it sees fit.”
Gosco Valves has been paying close attention to this announcement, as Tyco is a distributor for our Keystone Valves. Our Business Strategist Cheryl Duivesteyn commented on the Tyco split by saying, “as a company that works closely with Tyco, we at Gosco Valves are interested in observing how this split will better allow each company to grow on their own terms.”
Since 2008 Tyco and Gosco have had a third party licensing agreement. This agreement has sold several of our severe service ball valves under the Tyco Flow Control’s Keystone brand.
We are also pleased that Tyco will be featuring Gosco in an upcoming e-newsletter.