Lone Star completed the acquisition of Carlisle Fluid Technologies from Carlisle Companies.

Lone Star, a private equity firm, completed the acquisition of Carlisle Fluid Technologies, a manufacturer of finishing equipments, from Carlisle Companies, an industrial group. Financial terms were not disclosed. The sale of CFT aligns with our Vision 2025 strategy and advances our drive to construct a concentrated portfolio of construction materials businesses emphasizing a superior capital allocation approach to investments. We believe the sale to an affiliate of Lone Star Funds is an excellent opportunity for CFT to optimize its long-term growth and profitability. I want to thank CFT’s approximately 825 global employees for contributing to CFT’s success and I thank the customers and suppliers of CFT for their continued loyalty," Chris Koch, Carlisle Chairman, President and CEO.