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Slide #66. Carlisle Companies Incorporated — Thermax-Raydex business
Carlisle Companies Incorporated (NYSE:CSL)
Carlisle Companies Incorporated announced the signing of a definitive agreement to acquire the Thermax-Raydex business, a leading global supplier of high-performance hook-up, data and coaxial wire and cable for mission-critical applications for commercial aerospace, defense and industrial customers. The Thermax-Raydex business is a unit of Belden, Inc. of St. Louis, Missouri. The transaction is structured as a purchase of the assets of Thermax and the stock of Raydex/CDT Limited, a wholly-owned subsidiary of Belden, both for a combined enterprise value of $265 million. The transaction is subject to customary closing conditions, including regulatory clearance, and is expected to close by December 31, 2012. The acquisition is expected to be accretive to Carlisle in the first year.
Carlisle Companies is a global manufacturer of engineered product. Co. designs, manufactures and markets a range of products that serve a range of markets. Co. has four segments: Carlisle Construction Materials, which supplies single-ply ethylene propylene diene monomer roofing membranes; Carlisle Interconnect Technologies, which designs and manufactures wire and cable; Carlisle Fluid Technologies, which designs, manufactures and sells liquid, powder, sealants and adhesives finishing equipment and system solutions; and Carlisle Brake and Friction, which provides duty brake, clutch and transmission applications.
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