Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Carlisle Companies to Acquire MBTechnology, Inc.

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE:CSL) today announced the acquisition of MBTechnology, Inc., (MBT) a leading manufacturer of energy-efficient, styrene-butadiene-styrene modified bitumen roofing and underlayment systems for residential and commercial applications. The purchase of MBT is consistent with Carlisle’s Vision 2025 strategy to build scale in our highest returning businesses through synergistic acquisitions to drive in excess of $15 of earnings per share. MBT will become part of the Carlisle Construction Materials (CCM) operating segment and is a strategic bolt-on to Carlisle’s recent Henry Company acquisition.

Founded in 1983 and based in Fresno, California, MBTechnology, Inc. provides product line extensions, turnkey capacity to meet rolled goods demand and further expansion into West Coast markets over the coming years.

Chris Koch, Chairman, President and Chief Executive Officer, said, “The acquisition of MBTechnology, Inc., together with our recent acquisition of Henry Company, is consistent with our stated strategy to invest in our building products platform, expand our presence throughout the building envelope and continue to provide our customers with energy-efficient solutions.”

Henry Company President, Frank Ready, stated, “We are excited to have MBT join CCM’s Carlisle Weatherproofing Technologies (CWT) business where they will expand CWT’s modified bitumen roofing offerings and provide additional capacity for roofing underlayments. MBT also shares Carlisle’s commitment to improving the energy-efficiency of buildings in several ways. First, MBT manufactures systems to control the flow of water, vapor, air and energy in a building; second, more than half of MBT’s consumed energy is derived from on-site solar panels; and third, MBT’s Ecotorch product, a modified bitumen torch applied roofing membrane, is made partially from recycled tires, which complements our Ultimate RB business. Leveraging the Carlisle Experience and our culture of continuous improvement, I am confident this transaction will create significant value for all our stakeholders. We welcome MBTechnology’s experienced team to Carlisle.”

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading supplier of innovative Building Envelope products and energy-efficient solutions for customers creating sustainable buildings of the future. Through its Construction Materials (CCM) business and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Over the life of a building, Carlisle’s products help drive lower greenhouse gas emissions, improve energy savings for building owners and operators, and increase a building’s resiliency to the elements. Driven by its strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle also is a leading provider of products to the Aerospace, Medical Technologies and General Industrial markets through its Interconnect Technologies (CIT) and Fluid Technologies (CFT) business segments.

Contacts

Jim Giannakouros, CFA

Vice President of Investor Relations

Carlisle Companies Incorporated

(480) 781-5135

jgiannakouros@carlisle.com

#FOLLOW US ON INSTAGRAM