Carlisle Companies Completes Sale of Carlisle Brake & Friction

Rhea-AI Summary

Carlisle Companies Incorporated (NYSE:CSL) has announced the successful completion of the sale of its subsidiary, Carlisle Brake & Friction, to CentroMotion, based in Waukesha, Wisconsin. This strategic divestiture aligns with Carlisle's focus on its core business areas within innovative Building Envelope products and energy-efficient solutions. The company emphasizes its commitment to generating superior shareholder returns and balanced capital deployment through investments, acquisitions, share repurchases, and dividend increases.

Positive

• Completion of the sale of Carlisle Brake & Friction enhances focus on core business areas.
• Carlisle's strategic plan, Vision 2025, aims for superior shareholder returns.
• Continued commitment to investments and dividend increases supports shareholder value.

Negative

• None.

Carlisle Companies Incorporated (NYSE:CSL) today announced that it has completed the sale of Carlisle Brake & Friction to CentroMotion of Waukesha, Wisconsin.

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative Building Envelope products and energy-efficient solutions for customers creating sustainable buildings of the future. Through its Construction Materials (CCM) business and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers across the planet through the Carlisle Experience. Over the life of a building, Carlisle’s products help drive lower GHG emissions, improve energy savings for building owners and operators, and increase a building’s resiliency to the elements. Driven by our strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle also is a leading provider of products to the Aerospace, Medical Technologies and General Industrial markets through its Interconnect Technologies (CIT) and Fluid Technologies (CFT) business segments. Carlisle is headquartered in Scottsdale, Arizona with more than 180 locations worldwide. Leveraging the talents of over 13,000 employees, Carlisle generated $4.2 billion in revenues in 2020. Learn more about Carlisle at www.carlisle.com.

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FAQ

What recent sale did Carlisle Companies (CSL) complete?

Carlisle Companies completed the sale of its subsidiary, Carlisle Brake & Friction, to CentroMotion.

How does the sale affect Carlisle Companies' business focus?

The sale allows Carlisle to concentrate on its core business areas related to Building Envelope products and energy-efficient solutions.

What is Carlisle Companies' strategic plan?

Carlisle's strategic plan, Vision 2025, focuses on generating superior shareholder returns and balanced capital deployment.

How much revenue did Carlisle generate in 2020?

Carlisle generated $4.2 billion in revenue in 2020.