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Issue: Business
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Date added: July 11, 1996
No of pages / words: 12 / 3115
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Tyco Inc. changes its name to Tyco Laboratories. 1968 By this time, 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...
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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. Much of this growth was achieved through larger and more ambitious acquisitions including: ? 1974: Simplex Technologies, manufacturers of undersea fiber optic telecommunications cable ? 1976: Grinnell Fire Protection Systems, manufacturers of and contractors for fire sprinkler systems ? 1979: Armin Plastics, manufacturers of polyethylene film products ? 1981: Ludlow Corporation, manufacturers of packaging products 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...
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