Raychem Corporation was founded in Menlo Park/Redwood City, California
in 1957 by Paul Cook, James B. Meikle, and Richard W. Muchmore.
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. The company was a spin-off from 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 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 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 executive, who also ran a
Raychem subsidiary, RayNet) and Dick Kashnow, who was responsible for
the sale of
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
CEO and president positions in a variety of industries.
The major market segments where
Raychem operated were aerospace and
defense, automotive, telecommunications, energy networks, consumer
electronics and transportation.
Fortune 500 Rank
Many products today still carry the
Raychem brand; however,
confusingly, two different companies sell them: Tyco International
split into three companies in 2007: Tyco International, TE
Connectivity (Formerly Tyco Electronics) and Covidien. In 2012, Tyco
International sold Tyco Thermal Controls to Pentair plc. Renamed
Pentair Thermal Management, this group continues to provide customers
Raychem brand name for industrial, commercial and residential
trace heating solutions.
TE Connectivity sells the other original
Raychem products (shrink tubing, wire and cable, SolderSleeve Devices,
etc.) under the
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
TE Connectivity has multiple R&D Sites which include
China & India. It operates in India through
Raychem RPG, a 50:50
JV with 22000Cr + RPG Group. This Joint Venture specialises in
Connection technologies up to 1200kV & has also introduced
Speciality Low loss Transformers.
^ "American Chemical Society".
^ Nielson, Donald (2006). A Heritage of Innovation: SRI's First Half
Century. Menlo Park, California: SRI International. pp. 11–6
– 11–7. ISBN 978-0974520810.
^ Quality Today. IPC Industrial Press. 1994.
^ "CNN Money FORTUNE 500".