Announced
Completed
Financials
Tags
Single Bidder
Acquisition
machinery manufacturing
Private Equity
Domestic
United States
finishing equipment
Majority
Private
Friendly
Machinery: Specialty
Completed
Synopsis
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.
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