Carlisle Companies Incorporated announced that it has received $125 million in cash from CentroMotion of Waukesha, Wisconsin in payment of the full amount of the post-closing earn-out in connection with Carlisle’s sale of Carlisle Brake and Friction (CBF) to CentroMotion on August 2, 2021.
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“We are pleased to have received the full remainder of the proceeds from our sale of CBF. The sale of CBF furthered Carlisle’s pivot to focusing on expansion of our building products segment and provides CentroMotion an industry-leading platform in the off-highway vehicle and industrial markets.”
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Chris Koch, Chairman, President & Chief Executive Officer said, “We are pleased to have received the full remainder of the proceeds from our sale of CBF. The sale of CBF furthered Carlisle’s pivot to focusing on expansion of our building products segment and provides CentroMotion an industry-leading platform in the off-highway vehicle and industrial markets.”
Carlisle Companies Incorporated is a leading supplier of innovative Building Envelope products and energy-efficient solutions for customers creating sustainable buildings of the future. Through its construction materials businesses (CCM and CWT) and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Over the life of a building, Carlisle’s products help drive lower greenhouse gas emissions, improve energy savings for building owners and operators, and increase a building’s resiliency to the elements. Driven by its strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle also is a leading provider of products to the Aerospace, Medical Technologies and General Industrial markets through its Interconnect Technologies (CIT) and Fluid Technologies (CFT) business segments.
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