Carlisle Companies Announces Sale of Carlisle Process Systems
December 01 2006 - 9:20AM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) announced today that it
has completed the divestiture of Carlisle Process Systems, a
manufacturer of equipment for the cheese and powder industries, to
Tetra Pak, an industry group within Tetra Laval, a private
industrial group headquartered in Switzerland. 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 divestiture of these additional
non core businesses. This divestiture furthers our strategy to more
fully focus on growing our core businesses and to continue to
allocate capital where it will produce 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 completed the divestiture of Carlisle Process
Systems, a manufacturer of equipment for the cheese and powder
industries, to Tetra Pak, an industry group within Tetra Laval, a
private industrial group headquartered in Switzerland. 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 divestiture of these
additional non core businesses. This divestiture furthers our
strategy to more fully focus on growing our core businesses and to
continue to allocate capital where it will produce 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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