HIGHLAND HEIGHTS, KY. — Tyco International Ltd., a diversified manufacturing and service company, has reached an agreement with cable maker General Cable Corp. to acquire General Cable Corp.’s Pyrotenax high-temperature cable unit, according to reports. General Cable Corp. entered the deal, worth some $60 million, to reduce debt and focus more on communications and energy cables, reports said.
The deal is expected to close in the current quarter. It is subject to execution of a definitive purchase agreement and regulatory approval in Canada, which, along with the United Kingdom, is where Pyrotenax has its principal operations, reports said.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
Earlier this week, Tyco announced that its Fire & Security Services subsidiary had acquired Scott Technologies, a designer and manufacturer of respiratory systems and other life-saving devices for the firefighting and aviation markets. That deal was estimated to be worth some $400 million.
