Carlisle Companies to Acquire MicroConnex
April 01 2019 - 8:52PM
Business Wire
Carlisle Companies Incorporated (NYSE:CSL) today announced the
acquisition of MicroConnex, a privately held manufacturer of highly
engineered microminiature flex circuits and sensors for the Medical
and Test & Measurement markets. MicroConnex will become part of
the Carlisle Interconnect Technologies (CIT) operating segment.
Based in Snoqualmie, WA, MicroConnex brings deep technical
expertise and process capabilities with a primary focus on
delivering space-optimizing configurations for mission-critical
components in industries with stringent tolerance requirements. Key
manufacturing processes of the company include thin-film
sputtering, laser ablation, and precision laser micromachining.
Chris Koch, President and Chief Executive Officer said, “The
acquisition of MicroConnex fits our well-established Medical
strategy and adds key sensor and miniaturization technology to our
Medical Technologies platform. MicroConnex is additive to our 2018
acquisition of redgroup, and positions CIT to participate earlier
in design and development activities at major Medical original
equipment manufacturers. MicroConnex also brings strong technical
resources and capabilities that will support and enhance the growth
opportunities for CIT’s Test & Measurement platform. Combined
with CIT's commercial organization, opportunities for product
integration, and application of the Carlisle Operating System
(COS), we will drive growth, innovation, and deliver products and
solutions that meet an increasing array of our customers' needs. We
are very pleased to welcome the MicroConnex team to Carlisle."
About Carlisle Companies
Incorporated
Carlisle Companies Incorporated is a diversified, global
portfolio of niche brands and businesses that manufactures highly
engineered products and solutions for our customers. Carlisle is
committed to generating superior shareholder returns by combining a
unique management style of decentralization, entrepreneurial
spirit, active M&A, and a balanced approach to capital
deployment, all with a culture of continuous improvement as
embodied in the Carlisle Operating System. Carlisle’s markets
include: commercial roofing, specialty polyurethane, aerospace,
medical, defense, transportation, industrial, protective coating,
auto refinishing, agriculture, mining, and construction. Carlisle’s
worldwide team of employees generated $4.5 billion in net sales in
2018. Learn more about Carlisle at
www.carlisle.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190401005963/en/
Jim Giannakouros, CFAVice President of Investor Relations and
FP&ACarlisle Companies
Incorporatedjgiannakouros@carlisle.comhttp://www.carlisle.com
Carlisle Companies (NYSE:CSL)
Historical Stock Chart
From Aug 2024 to Sep 2024
Carlisle Companies (NYSE:CSL)
Historical Stock Chart
From Sep 2023 to Sep 2024