CHARLOTTE, N.C. (Feb. 21, 2012)—Carlisle Companies Inc. said it has entered into an agreement to acquire Hertalan Holding B.V., for a purchase price of about $50 million.
Carlisle said Hertalan is a leading manufacturer of EPDM-based rubber roofing membranes and industrial components serving key European markets.
Hertalan has 130 employees and operates facilities in Kampen, Netherlands, and Baia Mare, Romania. Carlisle said the business will operate within its Construction Materials segment.
The transaction is subject to customary closing conditions, including obtaining regulatory approval.
David A. Roberts, Carlisle's Chairman, President and CEO, said the acquisition will further strengthen his company's ability to efficiently serve customers in the single-ply roofing market in Europe with local manufacturing and established distribution.
“The acquisition of this high-quality manufacturer is a perfect match with our German PDT business acquired last August and will solidify CCM's foundation in the growing single-ply roofing sector in Europe,” he said.