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Carlisle Acquires Micro-Coax
Maker of mission-critical, high frequency coaxial wire and cable and cable assemblies is a leading provider to defense, satellite, and test and measurement customers
CHARLOTTE, NORTH CAROLINA, June 10, 2016 - Carlisle Companies Incorporated (NYSE:CSL) today announced the acquisition of Micro-Coax, Inc., a leading global supplier of high-performance, high frequency coaxial wire and cable, and cable assemblies for mission-critical RF/microwave applications for defense, satellite, test and measurement and other industrial customers.
With annual sales of approximately $45 million and 235 employees, Micro-Coax has manufacturing facilities in Pottstown, PA and a joint venture operation in Blackburn, UK. The company has been in business for over 50 years and is a supplier to the world’s leading defense, aerospace and electronics companies. Micro-Coax designs, manufactures and sells customized, high-reliability wire and cable for signal transmission on defense, space and satellite platforms and in high-end industrial equipment. The company’s well-known brands include UTiFLEX® flexible microwave cable assemblies, UTiFORM® hand formable cable, M-FLEX® cable assemblies and ARACON® metal clad fiber.
The business will operate as part of Carlisle Interconnect Technologies, a global provider of specialty wire and cable, and interconnect components for commercial and military aircraft, avionics systems, in-flight entertainment, communications systems and medical devices.
Chris Koch, Carlisle’s President and Chief Executive Officer, said: “We are excited about the acquisition of Micro-Coax, as the company adds capabilities and technology to strengthen our interconnect products business in very attractive sectors. Micro-Coax broadens our product, technology and service ranges to our customers. This acquisition is consistent with our focus on higher margin, highly engineered products and is an excellent fit with Carlisle. We are very pleased to welcome the Micro-Coax team to Carlisle.”
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” “plans,” “forecast” and similar expressions, and reflect our expectations concerning the future. The Company cannot give any assurance that the results forecasted in any forward-looking statement will actually be achieved. Future results could differ materially from those expressed, due to the impact of changes in various factors including, but not limited to risks related to the Company’s integration of the acquired business, whether and when the Company will be able to realize the expected financial results and accretive effect of the transaction; and how customers, competitors, suppliers and employees will react to the transaction.
Actual results may differ materially from the Company’s 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 Incorporated
Carlisle Companies Incorporated is a global diversified company that designs, manufactures and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, medical technology, foodservice, healthcare, sanitary maintenance, transportation, general industrial, protective coating, wood, specialty and auto refinishing. Through our group of decentralized operating companies led by entrepreneurial management teams we bring innovative product solutions to solve the challenges facing our customers. Our worldwide team of employees, who generated $3.5 billion in net sales in 2015, is focused on continuously improving the value of the Carlisle brand by developing the best products, ensuring the highest quality and providing unequaled customer service in the many industries we serve. Learn more about Carlisle at www.carlisle.com.
CONTACT: Steven J. Ford
Vice President & Chief Financial Officer
Carlisle Companies Incorporated