Carlisle Companies sells assets of automotive business

Charlotte, North Carolina — Carlisle Companies Inc. has announced that the Company sold substantially all of the operations of its automotive business on August 17, 2005 to The Reserve Group of Akron, Ohio.

The Company estimates it will record an additional after-tax loss on the disposition of these assets in the amount of approximately $9 million. These losses will be included in the Company’s results from discontinued operations. This transaction did not include the sale of trade accounts receivable dated prior to the effective date of…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with