Carlisle Companies Announces Sale of Walker Group
October 10 2006 - 12:54PM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) announced today that it
has sold the remaining businesses that comprise the Walker Group to
Insight Equity of Southlake, Texas. These businesses include the
Walker Equipment Group, Walker Transportation and CPS Barrier in
the USA, and CPS Extract in the USA and Europe. Carlisle Shanghai
in Asia was previously sold. The original plan to dispose of these
businesses was disclosed on November 7, 2005. Richmond McKinnish,
Carlisle�s President and CEO, commented, �We are pleased to have
concluded the sale of these non-core businesses. This divestiture
enables Carlisle management to more fully focus on growing our core
businesses and allocating capital where it will generate the
greatest return for our shareholders.� 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, heavy-haul truck trailer,
foodservice, and data transmission industries. Carlisle Companies
Incorporated (NYSE:CSL) announced today that it has sold the
remaining businesses that comprise the Walker Group to Insight
Equity of Southlake, Texas. These businesses include the Walker
Equipment Group, Walker Transportation and CPS Barrier in the USA,
and CPS Extract in the USA and Europe. Carlisle Shanghai in Asia
was previously sold. The original plan to dispose of these
businesses was disclosed on November 7, 2005. Richmond McKinnish,
Carlisle's President and CEO, commented, "We are pleased to have
concluded the sale of these non-core businesses. This divestiture
enables Carlisle management to more fully focus on growing our core
businesses and allocating capital where it will generate the
greatest return for our shareholders." 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, heavy-haul truck trailer,
foodservice, and data transmission industries.
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