Northwest Fire Suppression, headquartered in Beaverton, Ore., specializes in fire suppression and fire alarm systems with expertise in special hazards fire suppression systems.
With the deal, CFS has become a wholly owned business unit of GARDINER, but will continue to operate as “Continental Fire & Security, a GARDINER Company” for the foreseeable future.
The sale enables Carrier to focus on its core businesses and to re-allocate the net proceeds consistent with its stated capital allocation priorities, including funding organic and inorganic growth, a growing and sustainable dividend, and share repurchases while maintaining an investment grade credit rating.
One week after Tyco made its split into three independently-run companies official, the “new Tyco’s” management team came together at the New York Stock Exchange to celebrate and ring the closing bell that signals the end of the day’s trading session.
