CHARLOTTE, N.C.--(BUSINESS WIRE)--
Carlisle Companies Incorporated (NYSE:CSL) announced today that it
completed the acquisition of PDT Phoenix GmbH (“PDT”) in Germany for
approximately €80 million in cash. The purchase agreement calls for
contingent payments based upon PDT’s future earnings. With annual sales
of approximately €80 million, PDT is a leading manufacturer of
EPDM-based (rubber) roofing membranes and industrial components serving
key European markets. PDT will operate within Carlisle’s Construction
Materials (“CCM”) segment.
David A. Roberts, Carlisle’s Chairman, President and CEO, said, “We are
very excited about adding PDT to our company’s growth platform in
Europe. The acquisition of this high quality company provides an
excellent foothold for CCM to serve the growing market for single-ply
roofing systems in Europe. It is also an important strategic step for
Carlisle as we grow our global sales to 30% of total revenue.”
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are
subject to uncertainty and changes in circumstances. Actual results may
differ materially from these 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
Carlisle Companies Inc. 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, lawn and garden, mining and construction equipment,
aerospace and electronics, dining and food delivery, and healthcare.
Through our group of decentralized operating companies led by
entrepreneurial management teams we bring innovative product solutions
to solve the challenges our customers face. Our 11,000 employees
worldwide, who generated $2.5 billion in net sales in 2010, are focused
on continuously improving the value of the Carlisle brand by developing
the best products, insuring the highest quality and providing unequaled
customer service in the many industries we serve. Learn more about
Carlisle at www.carlisle.com.
Source: Carlisle Companies Incorporated