HERLEV, Denmark (June 21)—CAIK Holdings, a consortium of four partners which includes Syracuse, N.Y.-based Carlisle Cos. Inc. and IKO Sales Ltd. of Toronto, is close to purchasing Icopal A.S., a Danish roofing felt supplier and leader in the European roofing market, for a reported $520 million. CAIK Holdings outbid Swedish firm Trelleborg A.B.´s $466 million offer. Each of the partners for CAIK Holdings, which includes two industrial investors, would hold an equal share in Icopal, which had 1999 sales of more than $600 million
CAIK Holdings nears deal to purchase Danish roofing supplier
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