Carlisle to Acquire Commercial Cookware and Servingware Company.Business Editors SYRACUSE, NY--(BUSINESS WIRE)--March 8, 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 wholly-owned subsidiary, Carlisle FoodService Products Incorporated, signed a letter of intent to acquire Dura-Ware Company of America, Inc., a privately-held manufacturer of commercial cookware and servingware for the foodservice and hospitality markets. Dura-Ware's product line includes stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. food and beverage F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. servers, chafing chafe v. chafed, chaf·ing, chafes v.tr. 1. To wear away or irritate by rubbing. 2. To annoy; vex. 3. To warm by rubbing, as with the hands. v.intr. dishes, serving trays and pitchers, buffet accessories and numerous fine serving pieces. Dura-Ware also manufactures a complete line of aluminum and stainless steel commercial cookware. Dura-Ware's manufacturing facility is located in Erie, Pennsylvania “Erie” redirects here. For other uses, see Erie (disambiguation). Erie (pronounced IPA: /ˈɪəri/) is a major industrial city on the shore of Lake Erie in the northwestern corner of the U.S. . Carlisle FoodService Products supplies products for the preparation, storage, serving and delivery of food to commercial and institutional foodservice markets. David M. Shannon, President of Carlisle FoodService Products stated "The acquisition of Dura-Ware, an established participant in the metal cookware and servingware market, will further increase the breadth of our product line, extend our market reach and add manufacturing capability to our company. Dura-Ware is an excellent fit with Carlisle FoodService Products and we are excited about the added service levels that will be available to our customers through this acquisition. We are very pleased to welcome Dura-Ware to Carlisle." Terms of the transaction were not disclosed. A closing of the transaction is subject to execution of a definitive agreement and receipt of all necessary approvals. Carlisle is a diversified manufacturer of products serving four major markets: construction materials, automotive components, industrial components and general industry. |
|
|||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion