CHARLOTTE, N.C. (Nov. 23, 2011)—Carlisle Companies said it has agreed to sell its Germany-based tunnel seals unit to Daetwyler Group.
The operation is the non-roofing and waterproofing unit of Carlisle's German company, PDT Phoenix GmbH. The business unit makes elastomer profiles for use in applications for tunnels, rail, windows and facades and was acquired as part of Carlisle's acquisition of PDT on Aug. 11.
Terms of the transaction weren't disclosed. Carlisle will retain the roofing and waterproofing business as the European center for Carlisle Construction Materials.