Carlisle Announces the Signing of Letters of Intent to Acquire Stork Friesland, B.V. and Zimmer Corporation.Business Editors SYRACUSE, N.Y.--(BUSINESS WIRE)--Aug. 16, 2000 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 its Carlisle Process Systems Group signed two letters of intent to acquire Stork stork, common name for members of a family of long-legged wading birds. The storks are related to the herons and ibises and are found in most of the warmer parts of the world. Friesland in Gorredijk, Holland and Zimmer Corporation of Columbia, Maryland. Stork Friesland designs and manufactures evaporators and spray dryers for milk powder plants worldwide. Stork Friesland has served the dairy and food processing industry since 1913 and employs nearly 50 employees at its center for research and development in Gorredijk. Privately held Zimmer Corporation is the market leader in North America for evaporators that process milk, whey whey liquid residue from milk after the removal of cheese curds in the manufacture of cheese. An excellent protein supplement but difficult to handle in the liquid form, except to pigs maintained close to the cheese factory. Dried whey is easy to handle but processing costs are high. and their by-products. The company also specializes in the design of high temperature aseptic aseptic /asep·tic/ (-tik) free from infection or septic material. a·sep·tic adj. Of, relating to, or characterized by asepsis. food processing and dairy wastewater systems. Tim High, President of Carlisle Process Systems, stated "The acquisitions of Stork Friesland and Zimmer will form the cornerstone of our new evaporation and powder group extending our current number one position in cheese systems." The combined sales of Stork Friesland and Zimmer are in excess of $30 million. Terms of the transactions were not announced. Carlisle is a diversified manufacturer of products serving four major markets: construction materials, industrial components, automotive components and general industry. |
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