CSL 286.21 +5.80 +2.07% Volume: 289,397 December 01, 2023 4:00 PM ET View more

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Carlisle to Acquire Hertalan, a Leading Manufacturer of Single-Ply Roofing Systems in the Netherlands

CHARLOTTE, N.C.--(BUSINESS WIRE)-- Carlisle Companies Incorporated (NYSE:CSL) announced today that it has entered into a definitive agreement to acquire Hertalan Holding B.V., for a purchase price of approximately €38 million ($50 million at current exchange rates). Hertalan is a leading manufacturer of EPDM-based (rubber) roofing membranes and industrial components serving key European markets. With annual sales of approximately €25 million, Hertalan has 130 employees and operates facilities in Kampen, the Netherlands and Baia Mare, Romania. The business will operate within Carlisle’s Construction Materials (CCM) segment.

Hertalan’s products, manufacturing processes and distribution channels strengthen CCM’s presence in Europe and complement the company’s German-based PDT single-ply roofing business acquired in August, 2011. The niche-oriented market for single-ply roofing and waterproofing membrane solutions within Europe is expanding and the addition of Hertalan’s long-standing capabilities in the region provide a solid footing for CCM to grow in the region.

The transaction is subject to customary closing conditions, including obtaining regulatory approval.

David A. Roberts, Carlisle’s Chairman, President and CEO, said “The acquisition of Hertalan will further strengthen CCM’s ability to efficiently serve European customers in the single-ply roofing market in Europe with local manufacturing and established distribution. The acquisition of this high-quality manufacturer is a perfect match with our German PDT business acquired last August and will solidify CCM’s foundation in the growing single-ply roofing sector in Europe.”

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 employees worldwide, who generated $3.2 billion in net sales in 2011, 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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