SCOTTSDALE, Ariz.--(BUSINESS WIRE)--
Carlisle Companies Incorporated (NYSE:CSL) today announced the acquisition of Arbo Holdings Limited, a leading provider of sealants, coatings and membrane systems used by architects and contractors for waterproofing and sealing buildings and other structures.
With annual sales of approximately $14 million and 72 employees, Arbo is based in Belper, England, where the company manufactures a range of sealants, coatings and other building envelope products to the UK and European construction markets for waterproofing and air and vapor barrier applications. The company was privately-owned and has been in business for many years. The Arbo brand has excellent industry recognition and the company enjoys a leading position in the UK construction and waterproofing markets.
The business will operate as a unit within Carlisle Construction Materials, a manufacturer of a complete range of roofing and waterproofing products for commercial and industrial buildings, including single-ply roofing, rigid foam insulations, below grade waterproofing and air/vapor barrier systems.
D. Christian “Chris” Koch, Carlisle’s President and Chief Executive Officer, said: “The acquisition of Arbo complements our leading position in EPDM (rubber) roofing systems in Europe and adds new products to our weatherproofing offerings used to improve the thermal performance of buildings. Arbo provides Carlisle additional channels for our existing products and a strong foundation from which to grow Arbo’s business throughout Europe. We are pleased to welcome the Arbo 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 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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