Carlisle Companies Acquires MiraDri, A Leading Provider of Waterproofing Solutions.Business Editors CHARLOTTE, N.C.--(BUSINESS WIRE)--Oct. 3, 2002 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 MiraDri, a leading provider of waterproofing solutions for both commercial and residential applications. MiraDri, located in Elberton, GA, has annual revenues of approximately $30 million. Richmond McKinnish, Carlisle's 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. commented, "The merger of MiraDri and our construction materials company, Carlisle SynTec Incorporated, will create a strong force in the waterproofing market, helping to meet a key strategic objective of expanding Carlisle's capabilities in this growing market. The combined company will have a full product offering that is supported by ample resources in sales, marketing and technical services. We expect the acquisition will be accretive in 2003." Terms of the transaction were not disclosed. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. The forward-looking statements contained in this press release are made based on known events and circumstances at the time of publication, and as such, are subject in the future to unforeseen risks and uncertainties. We refer you to our most recent Form 10-Q Form 10-Q See 10-Q. filed in August, 2002, and in particular the discussion beginning on page 14 under the caption "Forward-Looking Statements," for important facts that may cause results to differ materially from the company's expectations. The company undertakes no duty to update forward-looking statements. Carlisle is a diversified diversified (di·verˑ·s global manufacturing company serving the transportation, construction, commercial roofing, automotive, pharmaceutical, foodservice, data transmission, and specialty tire and wheel industries. |
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