Carlisle to Acquire Foodservice Table Covering Company.SYRACUSE Syracuse, city, Italy Syracuse (sĭr`əky  s, –kyz), Ital. Siracusa, city (1991 pop. , N.Y.--(BUSINESS WIRE)--Nov. 4, 1999-- 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, Inc., signed a letter of intent to acquire Marko International, Inc., a privately-held manufacturer of table coverings, table skirting skirt n. 1. The part of a garment, such as a dress or coat, that hangs freely from the waist down. 2. A garment hanging from the waist and worn by women and girls. 3. and other accessories for the foodservice market. Marko's facilities are located in Chicago, Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. and it currently has more than 75 employees. Since 1946, Marko has provided tabletop products in a broad range of fabrics, patterns, colors and sizes and has earned a reputation for its customer service. 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 Marko, a long time leader in the supply of table coverings, will be an excellent addition to our product line and will allow us to further enhance the levels of service provided to our customers. Marko is the marquee name in table coverings and is well known for its breadth of product offerings and focused, responsive customer service. We are very pleased to welcome Marko 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 diversified (di·verˑ·s manufacturer of products serving four major markets: construction materials, automotive components, industrial components and general industry. |
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