SCOTTSDALE, Ariz.
.--(BUSINESS WIRE)--
Carlisle Companies Inc.
(NYSE:CSL) announced today that it has completed the purchase of Accella Performance Materials for
$670 million
in an all-cash transaction, pursuant to the previously announced purchase agreement with
Arsenal Capital Partners
.
Accella Performance Materials, a premier specialty polyurethane growth platform with approximately
$430 million
of annual net sales, is headquartered in
Maryland Heights, Missouri
. Accella adds a new platform for Carlisle bringing significant revenue and cost synergies to Carlisle Construction Materials (CCM), and creates the opportunity to pursue additional adjacencies within the
$15 billion
global construction related polyurethane market. The acquisition of Accella contributes to CCM’s well-established strategy of providing customers with high quality, innovative solutions for building envelope applications.
About
Carlisle Companies Incorporated
Carlisle Companies Incorporated
is a diversified, global portfolio of niche brands and businesses with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, agriculture, mining, construction, aerospace, defense, foodservice, healthcare, sanitary maintenance, transportation, industrial, protective coating and auto refinishing. Carlisle’s worldwide team of employees generated
$3.7 billion
in net sales in 2016. Learn more about Carlisle at
www.carlisle.com
.
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Source:
Carlisle Companies Inc.