Carlisle Fluid Technologies Sold to Affiliate of Lone Star Funds
Summary
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Fluid Technologies (CFT) today announced the completion of its sale from Carlisle Companies Incorporated (NYSE: CSL) to an affiliate of Lone Star Funds. Going forward, CFT will continue to invest in growth through the development of industry-leading products and acquisitions in the material application space. “We are excited to begin this new chapter as a standalone enterprise already known as an industry leader in our product set,” said Fred Sutter, CFT President. “We are proud of our record as an innovator, and thanks to the hard work, talent, and focus of our employees, we are looking forward to building even stronger momentum as we continue to focus our efforts on growth, profitability, and offering leading products to our customers through our portfolio of brands.” CFT provides customers industry-leading and sustainable solutions for the supply, control, application, and curing of a wide range of paints, powders, sealants adhesives, foams, and other application materials under an expanding collection of pioneering product brands. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes.