Carlisle Companies Announces Agreement to Purchase 25% of Leading European Roofing Systems Company.Business Editors SYRACUSE, NY--(BUSINESS WIRE)--June 20, 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 it is an equity holder in CAIK CAIK Caucus of American InnKeepers CAIK Crop Aircraft Interface Kit (Device that allows CROP Flatrack M3 to be loaded directly onto AF Aircraft) CAIK Crop Airframe Interface Kit (US Army) Holdings which is seeking to acquire Icopal a/s of Denmark. Icopal has recommended acceptance of the invited purchase offer. CAIK Holdings is a consortium of four partners each owning 25%. Icopal is the leading European producer of roofing systems with 1999 sales exceeding $600 million. The total value of the transaction is about $520 million. John Altmeyer, President of Carlisle's roofing systems subsidiary, Carlisle SynTec said, "Icopal has built overall European leadership on a country by country strategy. We have been working together to develop a European roofing venture which leverages each company's strengths." Carlisle is a diversified diversified (di·verˑ·s manufacturer of products serving construction materials, industrial components, automotive components and general industry markets. |
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