Carlisle Acquires Dinex International, a Leading Provider of Foodservice Products to the Healthcare Industry.CHARLOTTE, N.C. -- Carlisle Companies Incorporated (NYSE NYSE See: New York Stock Exchange :CSL (Computerese as a Second Language) Said of people who love to speak high-tech words even though they often use them erroneously. See TLA. 1. CSL - Computer Structure Language. A computer hardware description language, written in BCPL. ) announced today that it has acquired Dinex International, Inc., a leading supplier of foodservice products to the healthcare and other institutional industries. With annual sales of approximately $85 million, Dinex supplies traytop smallwares, dishware, disposable lids and packaging as well as heating and meal delivery systems. The company has facilities in Glastonbury, Connecticut Glastonbury (41n43, 72w37 EST) is a town in Hartford County, Connecticut, United States. The population was 31,876 at the 2000 census. It was named after the English Glastonbury. Glastonbury is located on the banks of the Connecticut River, south east from Hartford. and Batavia, Illinois Batavia is a city in Kane County, Illinois. The population was 23,866 at the 2000 census. Fermilab is located in Batavia. A 2002 special census put the city's population at 25,153. Batavia is part of a Tri-Cities area, along with St. Charles and Geneva. . The business will operate within Carlisle FoodService Products. Dinex distributes its products through a well-established network of foodservice distributors servicing the healthcare sector, including hospitals, nursing homes and other care and assisted living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. facilities. The company has a strong industry position and a substantial installed base upon which a reliable flow of recurring product sales is generated. This acquisition complements Carlisle's core foodservice product categories and supports its growth initiatives in the healthcare, educational, corrections and other institutional foodservice markets. The purchase of Dinex will also allow Carlisle FoodService Products to leverage its product and manufacturing capabilities into Dinex's established sectors. David A. Roberts, Carlisle's Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "Dinex is an excellent strategic addition to our foodservice business firmly positioning us in the higher growth healthcare sector. Dinex's excellent reputation and brand equity, coupled with Carlisle's leading position in commercial foodservice supplies, creates a strong platform for growth and profitability. We are very pleased to welcome Dinex and its talented people to Carlisle." Forward-Looking Statements This news release contains forward-looking statements with the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these 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. Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, heavy-haul truck trailer, refrigerated re·frig·er·ate tr.v. re·frig·er·at·ed, re·frig·er·at·ing, re·frig·er·ates 1. To cool or chill (a substance). 2. To preserve (food) by chilling. truck body, foodservice, and aerospace and test and measurement industries. |
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