Carlisle Companies Acquires Off-Highway Brake Business
October 07 2005 - 8:00AM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) has announced the
acquisition of the off-highway brake assets of ArvinMeritor, Inc.
(NYSE: ARM) for approximately $39 million. The transaction includes
manufacturing assets from the ArvinMeritor facilities in York, SC
and Cwmbran, South Wales, U.K. Carlisle provides off-highway
braking systems and specialty friction products through Carlisle
Industrial Brake & Friction and on-highway heavy-duty braking
and friction products through Carlisle Motion Control. Richmond
McKinnish, Carlisle's President and CEO, commented, "We are very
excited to be expanding our off-highway braking business which
serves one of our most profitable market segments. This acquisition
strengthens one of Carlisle's core businesses and is in line with
our overall strategy to achieve and maintain leadership in the
markets we serve." 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 management's 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
Company's filings with the Securities and Exchange Commission. The
Company undertakes no duty to update forward-looking statements.
Carlisle is a diversified global manufacturing company serving the
construction materials, commercial roofing, specialty tire and
wheel, power transmission, heavy-duty brake and friction,
foodservice, data transmission and process systems industries.
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