Carlisle Companies Acquires Off-Highway Brake Business.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. ) has announced the acquisition of the off-highway brake assets of ArvinMeritor, Inc. (NYSE: ARM) for approximately $39 million. The transaction includes manufacturing assets from the ArvinMeritor facilities in York, SC and Cwmbran, South Wales South Wales south n → sud m du Pays de Galles , U.K. Carlisle provides off-highway braking systems and specialty friction products through Carlisle Industrial Brake & Friction and on-highway heavy-duty braking and friction products through Carlisle Motion Control. 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, "We are very excited to be expanding our off-highway braking business which serves one of our most profitable market segments. This acquisition strengthens one of Carlisle's core businesses and is in line with our overall strategy to achieve and maintain leadership in the markets we serve." 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. This press release contains forward-looking statements within 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, foodservice, data transmission and process systems industries. |
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