Provider of customized, turn-key engineering, certification and
manufacturing solutions to the aviation industry
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Carlisle Companies Incorporated (NYSE:CSL) today announced the
acquisition of Star Aviation, Inc., a leading provider of design and
engineering services, testing and certification work and manufactured
products for in-flight connectivity applications on commercial, business
and military aircraft.
With annual sales of approximately $30 million and 150 employees, Star
Aviation has manufacturing facilities in Mobile, Alabama and a technical
services facility in Lynnwood, Washington. The company is a supplier to
the world’s leading providers of Wi-Fi and other in-flight connectivity
systems used on a broad range of aircraft platforms.
The business will operate as part of Carlisle Interconnect Technologies,
a global provider of specialty wire and cable, and interconnect
components for commercial and military aircraft, avionics systems,
in-flight entertainment, communications systems and medical devices.
D. Christian “Chris” Koch, Carlisle’s President and Chief Executive
Officer, said “Star Aviation is an excellent fit with Carlisle
Interconnect Technologies and will add significant engineering resources
and technology to support our current initiatives in the very attractive
in-flight connectivity sector. Star Aviation provides Carlisle
established access to retrofit opportunities to complement our leading
position in line-fit applications of in-flight connectivity systems.
This acquisition furthers our growth initiatives into higher margin,
highly engineered products. We are very pleased to welcome the Star
Aviation 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 diversified global company with
a portfolio of businesses focused on the manufacture and distribution of
highly engineered products for both original equipment and aftermarket
channels. Carlisle’s markets include: commercial roofing, energy,
agriculture, mining, construction, aerospace, defense, foodservice,
healthcare, sanitary maintenance, transportation, industrial, protective
coating and auto refinishing. Leveraging the Carlisle Operating System
(COS) and an entrepreneurial spirit to drive continuous improvement,
Carlisle’s worldwide team of employees generated $3.5 billion in net
sales in 2015. Learn more about Carlisle at www.carlisle.com.
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Source: Carlisle Companies Incorporated