Provider of universal dispensing systems and food safety solutions
for the foodservice and hygiene markets
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Carlisle Companies Incorporated (NYSE:CSL) today announced the
acquisition of San Jamar, Inc., a leading provider of universal
dispensing systems and food safety products for foodservice and hygiene
applications.
With annual sales of approximately $87 million and 120 employees, San
Jamar is based in Elkhorn, Wisconsin, where it designs and distributes
dispensers for paper towels, tissue, soap and air purification as well
as personal and food safety products for commercial and institutional
foodservice customers. The company has excellent brand recognition,
well-entrenched sales channels and maintains leading positions in
several hygienic and food management and safety product categories.
The business will operate as a separate unit within Carlisle FoodService
Products, a provider of professional-grade products for the restaurant,
healthcare and janitorial sectors, including foodservice permanentware,
table coverings, cookware, displayware, catering equipment and meal
delivery systems.
D. Christian “Chris” Koch, Carlisle’s President and Chief Executive
Officer, said: “San Jamar is an excellent fit within Carlisle
FoodService Products. We were presented with a unique opportunity to
acquire San Jamar, a business that has been on our target list for many
years with a coveted brand within the foodservice industry. San Jamar
offers Carlisle FoodService Products innovative new products,
opportunities to expand Carlisle’s presence in San Jamar’s complementary
sales channels and a history of profitable growth. In addition, Carlisle
can provide new outlets for San Jamar products and contribute to San
Jamar’s continuous improvement through the Carlisle Operating System.
This acquisition combined with the improved operating performance at
Carlisle FoodService Products will make the business more valuable to
Carlisle, our shareholders and our customers. We are very pleased to
welcome the San Jamar 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