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RAYCHEM Corporation was founded in Menlo Park /Redwood City, California in 1957 by Paul Cook , James B. Meikle, and Richard W. Muchmore.

HISTORY

The original name of the company was RayTherm Wire and Cable and later formed a subsidiary named RayClad Tubes. The company changed names to avoid confusion with Raytheon
Raytheon
. The company was a spin-off from SRI International
SRI International
, and their founding technology was wire and cable that used radiation cross-linked polymer insulation targeted at military and aerospace applications. This was the first known use of radiation chemistry for commercial products. The company soon invented heat-shrinkable tubing also targeted at electronic applications.

By 1980 the company had expanded to over 30 countries, including a major branch in Swindon, UK and made the Fortune 500
Fortune 500
list. It was recognized as one of the fastest growing companies in the United States at that time. The company had only four CEOs until the company was acquired by Tyco International
Tyco International
in 1999. Those CEOs were Paul Cook (Founder), Bob Halperin, (Cook's second-in-command almost from the beginning), Bob Saldich (a long-time Raychem
Raychem
executive, who also ran a Raychem
Raychem
subsidiary, RayNet) and Dick Kashnow, who was responsible for the sale of Raychem
Raychem
to Tyco International.

At the time of the sale the company had reached sales exceeding $2 billion and was operating in over 60 countries globally. The company invented many breakthrough technologies, including PolySwitch PPTC circuit protection devices, and the touchscreen , popular today and branded under the name Elo TouchSystems . The company's alumni now populate many CEO
CEO
and president positions in a variety of industries. The major market segments where Raychem
Raychem
operated were aerospace and defense, automotive, telecommunications, energy networks, consumer electronics and transportation.

YEAR FORTUNE 500 RANK

1980 547

1981 490

1982 461

1983 435

1984 413

1985 405

1986 394

1987 359

1988 341

1989 315

1990 326

1991 317

1992 290

1993 295

1994 293

LEGACY

Many products today still carry the Raychem
Raychem
brand; however, confusingly, two different companies sell them: Tyco International split into three companies in 2007: Tyco International
Tyco International
, TE Connectivity (Formerly Tyco Electronics) and Covidien
Covidien
. In 2012, Tyco International sold Tyco Thermal Controls to Pentair plc. Renamed Pentair Thermal Management, this group continues to provide customers with the Raychem
Raychem
brand name for industrial, commercial and residential trace heating solutions. TE Connectivity
TE Connectivity
sells the other original Raychem
Raychem
products (shrink tubing, wire and cable, SolderSleeve Devices, etc.) under the Raychem
Raychem
brand name. The Circuit Protection business unit, maker of PolySwitch devices, was sold to Littelfuse Corp. in 2016. Elotouch was sold to a private equity firm several years prior to that. TE Connectivity
TE Connectivity
has multiple R&D Sites which include China & India. It operates in India through Raychem
Raychem
RPG, a 50:50 JV with 22000Cr + RPG Group. This Joint Venture specialises in Connection technologies up to 1200kV ">

* ^ "American Chemical Society". * ^ Nielson, Donald (2006). A Heritage of Innovation: SRI's First Half Century. Menlo Park, California
Menlo Park, California
: SRI International. pp. 11–6 – 11–7. ISBN 978-0974520810 . * ^ Quality Today. IPC Industrial Press. 1994. * ^ "CNN Money FORTUNE 500". * ^

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