Adds powder coating equipment, excellent technology and a strong
brand to Carlisle Fluid Technologies
CHARLOTTE, N.C.--(BUSINESS WIRE)--
Carlisle Companies Incorporated (NYSE:CSL) today announced that it has
acquired MS Oberflächentechnik AG (MS), a Swiss-based developer and
manufacturer of powder coating systems and related components.
With annual sales of approximately $6 million, MS designs and
manufactures customized powder coating systems and components for
several end markets and sells primarily to customers in Europe. The
company has been owned by Mr. Henry Marcon for the past 25 years and
operates from facilities in Balgach, Switzerland. MS has 30 employees
and a track record of superior system design, consultancy and new
product development.
Powder coating offers an environmentally-friendly, economical solution
for harsher environment surface applications. New formulations have
opened use of powder on a greater variety of substrates.
Chris Koch, Carlisle’s President and Chief Executive Officer, said, “The
acquisition of MS Oberflächentechnik furthers our plan to grow Carlisle
Fluid Technologies through product expansion into higher-margin adjacent
markets. MS has excellent technology and a well-established customer
base. With MS’s strong foundation and Carlisle’s resources, we are
confident of growing the business into a solid powder coating segment
and a strong contributor to Carlisle Fluid Technologies. MS’s powder
coating capability is an excellent complementary fit with our liquid
products business and will allow us to offer customers a broader range
of engineered systems and components. We are very pleased to welcome the
MS team to Carlisle.”
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally use words such as “expect,” “foresee,”
“anticipate,” “believe,” “project,” “should,” “estimate,” “will,”
“plans,” “forecast” and similar expressions, and reflect our
expectations concerning the future. The Company cannot give any
assurance that the results forecasted in any forward-looking statement
will actually be achieved. Future results could differ materially
from those expressed, due to the impact of changes in various factors
including, but not limited to risks related to the Company’s integration
of the acquired business, whether and when the Company will be able to
realize the expected financial results and accretive effect of the
transaction; and how customers, competitors, suppliers and employees
will react to the transaction. Actual results may differ
materially from the Company’s expectations due to changes in global
economic, business, competitive, market and regulatory factors. More
detailed information about these factors is contained in the Company’s
filings with the Securities and Exchange Commission. The Company
undertakes no duty to update forward-looking statements.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a global diversified company that
designs, manufactures and markets a wide range of products that serve a
broad range of niche markets including commercial roofing, energy,
agriculture, mining, construction, aerospace and defense electronics,
medical technology, foodservice, healthcare, sanitary maintenance,
transportation, general industrial, protective coating, wood, specialty
and auto refinishing. Through our group of decentralized operating
companies led by entrepreneurial management teams we bring innovative
product solutions to solve the challenges facing our customers. Our
worldwide team of employees, who generated $3.5 billion in net sales in
2015, is focused on continuously improving the value of the Carlisle
brand by developing the best products, ensuring the highest quality and
providing unequaled customer service in the many industries we serve.
Learn more about Carlisle at www.carlisle.com.
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Source: Carlisle Companies Incorporated