Illustration 19276996 / Dirk Erck / Dreamstime
Iillustration 19276996 / Dirk Erck / Dreamstime
Illustration 60886103 / Kheng Ho To /Dreamstime

Hoffman Enclosures now part of Tyco through merger of Pentair with Tyco's Flow Control business

March 29, 2012
Pentair Inc., Minneapolis, the parent company of Hoffman Enclosures, Anoka, Minn., has merged with the Tyco Flow Control business unit of Tyco International Inc., Schaffhausen, Switzerland. The new company, which will maintain the Pentair name, is ...

Pentair Inc., Minneapolis, the parent company of Hoffman Enclosures, Anoka, Minn., has merged with the Tyco Flow Control business unit of Tyco International Inc., Schaffhausen, Switzerland. The new company, which will maintain the Pentair name, is expected to have $7.7 billion in combined revenues.

A news release announcing the merger said Pentair and Tyco will combine Tyco's Flow Control business with Pentair in a tax-free, all-stock merger. The transaction values Tyco Flow at approximately $4.9 billion, including assumed net debt and minority interest. Upon completion of the transaction, which has been unanimously approved by the boards of both companies, Tyco shareholders will own approximately 52.5% of the combined company and Pentair shareholders will own approximately 47.5%.

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