Diversification
The company acquired G. Barr & Co., a manufacturer of aerosol cans, in 1962, and bought Alarm Device Manufacturing Company (Ademco) in 1963. It received $16,558,000 for the sale of the streetcar system to the Port Authority in 1964. In 1967, it was renamed to Pittway Corporation. Later, Pittway became best known as a manufacturer and distributor of professional fire and burglar alarms and other security systems. On February 3, 2000, Pittway was acquired by Honeywell.
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