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CHARLOTTE, NORTH CAROLINA, September 18, 2009 - Carlisle Companies Incorporated (NYSE:CSL) announced today that it has acquired Jerrik, Inc., a recognized leader in the design and manufacture of highly engineered military and aerospace filter connectors. With annual sales of approximately $20 million, Jerrik’s highly customized products are used in environments where reduction of electromagnetic interference and transient voltage suppression is critical. Jerrik has earned key positions on commercial aerospace and military platforms with the world’s preeminent aerospace and defense contractors. The company is located in Tempe, Arizona and will operate as part of Carlisle Interconnect Technologies.
The rapid growth of defense electronics and avionics throughout military and commercial aerospace platforms is driving the demand for highly engineered specialty connectors. Jerrik’s connectors are designed and used in applications that must adhere to extremely stringent design and use standards. Jerrik’s products are used in high performance wire and cable assemblies designed by Carlisle Interconnect Technologies. David A. Roberts, Carlisle’s Chairman, President and CEO, said “The addition of Jerrik will expand the range of products and capabilities of Carlisle Interconnect Technologies. Jerrik will enhance our presence on mission critical military programs and strengthen our leading range of high-end interconnect solutions. Jerrik is a solid financial performer and provides us an excellent foundation for new product development. The company brings Carlisle engineering expertise in attractive market sectors and furthers our strategic growth initiatives in a core business segment.”
Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global economic, business, competitive, market and regulatory factors. More detailed information about these factors is contained in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update forward-looking statements.
About Carlisle Companies Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, heavy-haul truck trailer, refrigerated truck body, foodservice, aerospace, and test and measurement industries.
CONTACT: Steven J. Ford Vice President & Chief Financial Officer Carlisle Companies Incorporated (704) 501-1100 http://www.carlisle.com