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Tyco International Ltd. said that its Flow Control business has acquired two Brazilian valve companies in a move to expand its product and service offerings in Brazil and South America.
In connection with the transaction, Tyco Flow Control acquired Hiter Industria e Comercio de Controle Termo-Hidraulico Ltda (Hiter), a privately-held Brazilian valve manufacturer, and took full ownership of an existing joint venture that Tyco Flow Control had with Valvulas Crosby Industria e Comercio Ltda. The two businesses had combined revenues of approximately US$66 million in 2008.
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