Rubber & Plastics M&A » By The Online Investor Staff, updated Thu., Apr. 18, 10:14 AM
Recent mergers and acquisitions in the Rubber & Plastics M&A category.
Slide #8. Carlisle Companies Incorporated — Thermax-Raydex business
Acquirer: |
Carlisle Companies Incorporated (NYSE:CSL) |
Acquiree: |
Thermax-Raydex business |
Details: |
Carlisle Companies Incorporated announced the signing of a definitive agreement to acquire the Thermax-Raydex business, a leading global supplier of high-performance hook-up, data and coaxial wire and cable for mission-critical applications for commercial aerospace, defense and industrial customers. The Thermax-Raydex business is a unit of Belden, Inc. of St. Louis, Missouri. The transaction is structured as a purchase of the assets of Thermax and the stock of Raydex/CDT Limited, a wholly-owned subsidiary of Belden, both for a combined enterprise value of $265 million. The transaction is subject to customary closing conditions, including regulatory clearance, and is expected to close by December 31, 2012. The acquisition is expected to be accretive to Carlisle in the first year. |
Carlisle Companies manufactures engineered products. Co. operates the following segments: Carlisle Construction Materials, which produces a range of building envelope products for commercial, industrial and residential buildings; Carlisle Interconnect Technologies, which designs and manufactures wire and cable, including optical fiber, for the commercial aerospace, military and defense electronics, medical device, industrial, and test and measurement markets; and Carlisle Fluid Technologies, which designs, manufactures and sells liquid, powder, sealants and adhesives finishing equipment and integrated system solutions for spraying, pumping, mixing, metering and curing a variety of coatings.
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April 18, 2024 10:14 AM Eastern
Buy (3.00 out of 4)
100th percentile
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