TYCO GRINNELL UNIT TO ACQUIRE HARDWARE PRODUCT LINE
TYCO GRINNELL UNIT TO ACQUIRE HARDWARE PRODUCT LINE EXETER, N.H. Sept. 17 /PRNewswire/ -- Tyco Laboratories, Inc.
(NYSE: TYC) and Mueller Industries, Inc. (NYSE: MLI) jointly announced today that Grinnell Corporation, a subsidiary of Tyco has agreed to acquire the assets of the malleable iron fitting business of U-Brand Corporation, a subsidiary of Mueller Industries, Inc. Annual sales are approximately $20 million. The products are primarily marketed through wholesale hardware distributors on a nationwide basis. Following a 60 day transition period the entire product line will be produced at Grinnell facilities.
Tyco is a worldwide manufacturer of fire protection systems, flow control products, electrical and electronic components and packaging materials. -0- 9/17/92 /CONTACT: Irving Gutin of Tyco Laboratories, 603-778-9700/ (TYC MLI) CO: Tyco Laboratories; Mueller Industries ST: New Hampshire IN: SU: TNM
TM -- NE010 -- 0659 09/17/92 12:27 EDT
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|Date:||Sep 17, 1992|
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