ERJ staff report (DS)
Charlotte, North Carolina -- Carlisle Companies Inc. has completed the sale of the non-roofing and waterproofing unit of its German company, PDT Phoenix GmbH to Datwyler Group of Altdorf, Switzerland. The business unit makes elastomer profiles for use in applications for tunnels, rail, windows and facades. Carlisle will retain the roofing and waterproofing business as the European center for Carlisle Construction Materials.
Sales of the divested unit are approximately â‚¬35 million. Terms of the transaction were not disclosed.
David A. Roberts, Carlisle's Chairman, President and CEO, said â€œThe sale of PDT's profiles and frames unit will allow us to focus our resources on our core European roofing and waterproofing business, which has continued to exhibit solid growth since our purchase in August. Under Datwyler, the customers and employees of PDT's profiles and frames unit will have a strategic owner with experience in the non-roofing sectors served by PDT. This is an excellent transaction for all parties.â€
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Press release (completion of deal) from Carlisle
Press release (announcement of deal) from Carlisle