Carlisle Companies to Acquire ThermaFoam, a Texas-Based Manufacturer of Expanded Polystyrene Insulation Products
Carlisle Companies (NYSE:CSL) has announced a definitive agreement to acquire ThermaFoam, a Texas-based manufacturer of expanded polystyrene insulation products. Founded in 1978 and located in Dallas/Fort Worth, ThermaFoam serves commercial, residential, and infrastructure construction markets through its ThermaFoam and PowerFoam brands. The acquisition aligns with Carlisle's Vision 2030 strategy and its pivot towards becoming a pure play building products company. The deal is expected to close in Q1 2025, building upon Carlisle's recent Plasti-Fab acquisition while expanding its EPS capabilities, retail channel growth, and geographic presence in Texas and South Central US.
Carlisle Companies (NYSE:CSL) ha annunciato un accordo definitivo per acquisire ThermaFoam, un produttore con sede in Texas di prodotti isolanti in polistirene espanso. Fondata nel 1978 e situata nella zona di Dallas/Fort Worth, ThermaFoam serve i mercati della costruzione commerciale, residenziale e infrastrutturale attraverso i suoi marchi ThermaFoam e PowerFoam. L'acquisizione è in linea con la strategia Vision 2030 di Carlisle e il suo orientamento verso la trasformazione in un'azienda focalizzata esclusivamente sui prodotti per la costruzione. Si prevede che l'accordo si chiuda nel primo trimestre del 2025, costruendo su una recente acquisizione di Plasti-Fab da parte di Carlisle, espandendo così le sue capacità di EPS, la crescita dei canali al dettaglio e la presenza geografica in Texas e nel sud-est degli Stati Uniti.
Carlisle Companies (NYSE:CSL) ha anunciado un acuerdo definitivo para adquirir ThermaFoam, un fabricante con sede en Texas de productos de aislamiento de poliestireno expandido. Fundada en 1978 y ubicada en Dallas/Fort Worth, ThermaFoam atiende los mercados de construcción comercial, residencial e infraestructura a través de sus marcas ThermaFoam y PowerFoam. La adquisición se alinea con la estrategia Vision 2030 de Carlisle y su cambio hacia convertirse en una empresa dedicada exclusivamente a los productos de construcción. Se espera que el acuerdo se cierre en el primer trimestre de 2025, ampliando así las capacidades de EPS de Carlisle, el crecimiento del canal minorista y la presencia geográfica en Texas y el centro-sur de EE. UU.
칼라일 컴퍼니(Carlisle Companies) (NYSE:CSL)는 텍사스에 본사를 둔 확장 폴리스티렌 단열재 제조업체인 ThermaFoam을 인수하기 위한 확정 계약을 발표했습니다. 1978년 설립된 ThermaFoam은 댈러스/포트워스 지역에 위치하며 상업, 주거 및 인프라 건설 시장에 ThermaFoam과 PowerFoam 브랜드를 통해 서비스를 제공합니다. 이번 인수는 칼라일의 비전 2030 전략과 순수 건축 자재 회사로의 전환에 부합합니다. 이 거래는 2025년 1분기 내에 마무리될 것으로 예상되며, 칼라일의 최근 플라스티-팹(Plasti-Fab) 인수를 기반으로 EPS 능력, 소매 채널 성장 및 텍사스 및 미국 중남부의 지리적 존재감을 확장하는 데 기여할 것입니다.
Carlisle Companies (NYSE:CSL) a annoncé un accord définitif pour acquérir ThermaFoam, un fabricant basé au Texas de produits d'isolation en polystyrène expansé. Fondée en 1978 et située dans la région de Dallas/Fort Worth, ThermaFoam dessert les marchés de la construction commerciale, résidentielle et infrastructurelle à travers ses marques ThermaFoam et PowerFoam. Cette acquisition s'inscrit dans la stratégie Vision 2030 de Carlisle et son pivot vers la transformation en entreprise exclusivement axée sur les produits de construction. Cet accord devrait se conclure au premier trimestre 2025, tout en s'appuyant sur la récente acquisition de Plasti-Fab par Carlisle et en élargissant ses capacités en EPS, la croissance des canaux de détail et sa présence géographique au Texas et dans le sud-central des États-Unis.
Carlisle Companies (NYSE:CSL) hat eine endgültige Vereinbarung zur Übernahme von ThermaFoam angekündigt, einem in Texas ansässigen Hersteller von Produkten aus expandiertem Polystyrolisolierung. Gegründet im Jahr 1978 und ansässig in der Region Dallas/Fort Worth, bedient ThermaFoam die Märkte für gewerbliche, private und Infrastrukturbauten durch seine Marken ThermaFoam und PowerFoam. Die Übernahme passt zu Carlisles Vision 2030-Strategie und dem Wechsel zu einem reinen Unternehmen für Baustoffe. Der Deal soll im ersten Quartal 2025 abgeschlossen werden und baut auf Carlisles kürzlicher Übernahme von Plasti-Fab auf, während er die EPS-Fähigkeiten, das Wachstum des Einzelhandelskanals und die geografische Präsenz in Texas und im zentralen Süden der USA erweitert.
- Strategic expansion of EPS (expanded polystyrene) capabilities
- Geographic market expansion into Texas and South Central US
- Enhancement of retail channel growth opportunities
- Vertical integration benefits through existing EPS business
- None.
Insights
The ThermaFoam acquisition represents a strategic consolidation move in the building materials sector. This deal strengthens Carlisle's market position in expanded polystyrene (EPS) insulation, particularly in the high-growth Texas and South Central US markets. Following the recent Plasti-Fab acquisition, this purchase demonstrates vertical integration momentum in Carlisle's EPS business unit.
The timing aligns with increasing demand for energy-efficient building materials, driven by stricter building codes and sustainability requirements. The deal's geographic focus on Texas is particularly strategic given the state's robust construction market and population growth trends. By acquiring ThermaFoam's established brands and distribution channels, Carlisle gains immediate market access and revenue synergies.
While the financial terms weren't disclosed, this type of strategic bolt-on acquisition typically commands EBITDA multiples between 8-10x in the building materials sector. The deal's projected closing in Q1 2025 allows adequate time for regulatory approval and integration planning.
The acquisition of ThermaFoam significantly enhances Carlisle's expanded polystyrene (EPS) capabilities and market reach. ThermaFoam's 45-year operational history and established presence in commercial, residential and infrastructure markets brings valuable expertise and customer relationships. The deal perfectly aligns with Carlisle's Vision 2030 strategy of becoming a pure-play building products company.
The Texas market represents a important growth opportunity, as the state leads in construction activity and population growth. ThermaFoam's dual-brand strategy (ThermaFoam and PowerFoam) provides Carlisle with diverse market positioning options and strengthens its retail channel presence. The vertical integration benefits should yield cost efficiencies and supply chain optimization.
The purchase of ThermaFoam is consistent with Carlisle’s Vision 2030 strategy and strategic pivot to a pure play building products company with increased investment in innovation and synergistic M&A.
Chris Koch, Chair, President, and Chief Executive Officer, said, “The acquisition of ThermaFoam builds on our recently completed acquisition of Plasti-Fab, and leverages the vertically integrated expanded polystyrene capabilities of our EPS business while adding scale, supporting retail channel growth, and providing valuable geographic coverage in
The acquisition is expected to close in the first quarter of 2025.
Forward-Looking Statements
This press release contains forward-looking statements, including those with respect to the acquisition of ThermaFoam and the anticipated timing of the closing of the transaction. These statements represent only Carlisle’s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Carlisle’s control. Actual results could differ materially from those reflected in this press release for various reasons, including the failure of the parties to meet or waive closing conditions. Carlisle disclaims any obligation to update forward-looking statements except as required by law.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials ("CCM") and Carlisle Weatherproofing Technologies ("CWT") – and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. 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. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System ("COS"), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050. Learn more about Carlisle at www.carlisle.com.
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Mehul Patel
Vice President, Investor Relations
Carlisle Companies Incorporated
(310) 592-9668
mpatel@carlisle.com
Source: Carlisle Companies Incorporated
FAQ
When is Carlisle Companies (CSL) expected to close the ThermaFoam acquisition?
What markets does ThermaFoam serve that CSL will gain access to?
How does the ThermaFoam acquisition align with CSL's strategic vision?
What brands will CSL acquire through the ThermaFoam purchase?
How will the ThermaFoam acquisition complement CSL's recent Plasti-Fab purchase?
