ERJ staff report (DS)
Charlotte, North Carolina - Carlisle Companies Incorporated is to buy Hertalan Holding B.V., for a purchase price of approximately euro 38 millionHertalan is a leading manufacturer of EPDM-based (rubber) roofing membranes and industrial components serving key European markets.
With annual sales of approximately euro 25 million, Hertalan has 130 employees and operates facilities in Kampen, the Netherlands and Baia Mare, Romania. The business will operate within Carlisle's Construction Materials (CCM) segment.
Hertalan's products complement the company's German-based PDT single-ply roofing business acquired in August, 2011. The niche-oriented market for single-ply roofing and waterproofing membrane solutions within Europe is expanding and the addition of Hertalan's long-standing capabilities in the region provide a solid footing for CCM to grow in the region.
David A. Roberts, Carlisle's Chairman, President and CEO, said â€œThe acquisition of Hertalan will further strengthen CCM's ability to efficiently serve European customers in the single-ply roofing market in Europe with local manufacturing and established distribution. The acquisition of this high-quality manufacturer is a perfect match with our German PDT business acquired last August and will solidify CCM's foundation in the growing single-ply roofing sector in Europe.â€
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Press release from Carlisle