Carlisle Fluid Technologies Sold to Affiliate of Lone Star Funds

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Fluid Technologies (CFT) today announced the completion of its sale from Carlisle Companies Incorporated (NYSE: CSL) to an affiliate of Lone Star Funds.

Going forward, CFT will continue to invest in growth through the development of industry-leading products and acquisitions in the material application space.

“We are excited to begin this new chapter as a standalone enterprise already known as an industry leader in our product set,” said Fred Sutter, CFT President. “We are proud of our record as an innovator, and thanks to the hard work, talent, and focus of our employees, we are looking forward to building even stronger momentum as we continue to focus our efforts on growth, profitability, and offering leading products to our customers through our portfolio of brands.”

About Carlisle Fluid Technologies

CFT provides customers industry-leading and sustainable solutions for the supply, control, application, and curing of a wide range of paints, powders, sealants adhesives, foams, and other application materials under an expanding collection of pioneering product brands. The company was built by innovators who created much of the technology being used in the fluid-handling industry today.

About Lone Star

Lone Star, founded by John Grayken, is a leading private equity firm advising funds that invest globally in real estate, equity, credit, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 22 private equity funds with aggregate capital commitments totaling approximately $86 billion. The firm organizes its funds in three series: the Commercial Real Estate Fund series; the Opportunity Fund series; and the U.S. Residential Mortgage Fund series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. For more information regarding Lone Star Funds, go to www.lonestarfunds.com.