CHARLOTTE, N.C.--(BUSINESS WIRE)--
Carlisle Companies Incorporated (NYSE:CSL) today announced the signing
of a definitive agreement to sell the non-roofing and waterproofing unit
of its German company, PDT Phoenix GmbH (“PDT”), to the Datwyler Group
of Altdorf, Switzerland. The business unit makes elastomer profiles for
use in applications for tunnels, rail, windows and facades and was
acquired as part of Carlisle’s acquisition of PDT on August 1, 2011.
Sales of the divested unit are approximately €35 million. Terms of the
transaction were not disclosed. Carlisle will retain the roofing and
waterproofing business as the European center for Carlisle Construction
Materials.
The transaction is subject to customary closing conditions, including
obtaining regulatory approvals, and is expected to close by January 2,
2012.
David A. Roberts, Carlisle’s Chairman, President and CEO, said “The sale
of PDT’s profiles and frames unit will allow us to focus our resources
on our core European roofing and waterproofing business, which has
continued to exhibit solid growth since our purchase in August. Under
Datwyler, the customers and employees of PDT’s profiles and frames unit
will have a strategic owner with experience in the non-roofing sectors
served by PDT. This is an excellent transaction for all parties.”
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 filing 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