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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