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Carlisle Finalizes Acquisition of PDT, a Leading Manufacturer of Single-Ply Roofing Systems in Europe

August 01, 2011

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

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