House & Home
Tue, November 22, 2011
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 (aPDTa), 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 Carlisleas acquisition of PDT on August 1, 2011. Sales of the divested unit are approximately a'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, Carlisleas Chairman, President and CEO, said aThe sale of PDTas 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 PDTas 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.a
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 managementas 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 Companyas 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 ].