Carlisle Companies to Acquire Hosco Fittings and Integrated Dispense Solutions
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Carlisle Companies Incorporated (NYSE:CSL) today announced the acquisition of Hosco Fittings (Hosco) and Integrated Dispense Solutions (IDS). Hosco is a leading manufacturer of precision stainless steel fluid handling components designed for high volume, high purity paint circulating and application finishing systems. IDS designs and manufactures dispensing solutions for precision applications of high viscosity materials. Both Hosco and IDS will become part of the Carlisle Fluid Technologies (CFT) operating segment.
Chris Koch, President and Chief Executive Officer, said, “Acquiring Hosco and IDS are examples of CFT executing on its Vision 2025 strategy to expand further into the attractive Sealants and Adhesives equipment market. Hosco and IDS add high-quality products and solutions to CFT’s current offerings, along with strong technical resources and capabilities which will support and enhance CFT’s position as a provider of innovative solutions and services to our customers. Through the application of the Carlisle Operating System (COS), we will focus on leveraging the installed bases of both companies to drive further growth and innovation. We are very pleased to welcome the Hosco and IDS teams to Carlisle.”
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a diversified, global portfolio of niche brands and businesses that manufactures highly engineered products and solutions for our customers. with highly engineered and high margin products. Carlisle is committed to generating superior shareholder returns by combining a unique management style of decentralization, entrepreneurial spirit, active M&A, and a balanced approach to capital deployment, all with a culture of continuous improvement as embodied in the Carlisle Operating System. Carlisle’s markets include: commercial roofing, specialty polyurethane, aerospace, medical, defense, transportation, industrial, protective coating, auto refinishing, agriculture, mining, and construction. Carlisle’s worldwide team of employees generated $4.5 billion in net sales in 2018. Learn more about Carlisle at www.carlisle.com.
Jim Giannakouros, CFA
Vice President of Investor Relations and FP&A
Carlisle Companies Incorporated
jgiannakouros@carlisle.com
