NEW YORK—Carlisle Companies Inc. has agreed to buy Accella Performance Materials, a developer of polyurethane elastomer and foam systems—including the TyrFil flatproofing tire-fill business—from Arsenal Capital Partners for $670 million.
Maryland Heights-based Accella has annualized revenue of approximately $430 million and estimated EBITDA margins approaching 15 percent. It operates 10 plants and seven research and development laboratories in the U.S., Germany and China.
"The acquisition of Accella Performance Materials is part of our well-established strategy of providing customers with high quality, innovative solutions for building envelope applications," said D. Christian Koch, Carlisle president and CEO.
Accella provides an "excellent adjacent opportunity" into the polyurethane market, which includes spray polyurethane foam and liquid applied roofing, markets that are expected to grow 10 to 15 percent annually through 2020.
In addition to accessing new products, new technologies and new markets, Accella delivers profitable market diversity to our CCM business, Koch said.