CHARLOTTE, N.C.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL) today announced that it has acquired MS Oberflächentechnik AG (MS), a Swiss-based developer and manufacturer of powder coating systems and related components.
With annual sales of approximately $6 million, MS designs and manufactures customized powder coating systems and components for several end markets and sells primarily to customers in Europe. The company has been owned by Mr. Henry Marcon for the past 25 years and operates from facilities in Balgach, Switzerland. MS has 30 employees and a track record of superior system design, consultancy and new product development.
Powder coating offers an environmentally-friendly, economical solution for harsher environment surface applications. New formulations have opened use of powder on a greater variety of substrates.
Chris Koch, Carlisle’s President and Chief Executive Officer, said, “The acquisition of MS Oberflächentechnik furthers our plan to grow Carlisle Fluid Technologies through product expansion into higher-margin adjacent markets. MS has excellent technology and a well-established customer base. With MS’s strong foundation and Carlisle’s resources, we are confident of growing the business into a solid powder coating segment and a strong contributor to Carlisle Fluid Technologies. MS’s powder coating capability is an excellent complementary fit with our liquid products business and will allow us to offer customers a broader range of engineered systems and components. We are very pleased to welcome the MS team to Carlisle.”
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” “plans,” “forecast” and similar expressions, and reflect our expectations concerning the future. The Company cannot give any assurance that the results forecasted in any forward-looking statement will actually be achieved. Future results could differ materially from those expressed, due to the impact of changes in various factors including, but not limited to risks related to the Company’s integration of the acquired business, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction; and how customers, competitors, suppliers and employees will react to the transaction. Actual results may differ materially from the Company’s 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.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, foodservice, healthcare, sanitary maintenance, transportation, general industrial, protective coating, wood, specialty and auto refinishing. Through our group of decentralized operating companies led by entrepreneurial management teams we bring innovative product solutions to solve the challenges facing our customers. Our worldwide team of employees, who generated $3.5 billion in net sales in 2015, is focused on continuously improving the value of the Carlisle brand by developing the best products, ensuring the highest quality and providing unequaled customer service in the many industries we serve. Learn more about Carlisle at www.carlisle.com.