Carlisle Companies receives $125 million top-up payment

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Carlisle Companies Incorporated (NYSE: CSL) announced today that it has received $125 million in cash from CentroMotion of Waukesha, Wisconsin in payment of the full amount of the post-closing earn out in connection with Carlisle’s sale of Carlisle Brake and Friction (CBF) at CentroMotion on August 2, 2021.

Chris Koch, Chairman, President and Chief Executive Officer, said, “We are pleased to have received all of the remaining proceeds from our sale of CBF. The sale of CBF reinforced Carlisle’s pivot to focus on expanding our construction products segment and provides CentroMotion with a leading platform in the off-road and industrial vehicle markets.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally use words such as “expect”, “plan”, “anticipate”, “believe”, ” project”, “should”, “estimate”, “shall”, “plan”, “anticipate” and similar expressions, and reflect our expectations regarding the future. It is possible that our future performance could differ materially from the current expectations expressed in these forward-looking statements, due to various factors, such as: the risks of the global COVID-19 pandemic, including, for example, expectations regarding the impact of the COVID-19 -19 pandemic on our business, including on customer demand, supply chains and distribution systems, production, our ability to maintain appropriate labor levels, our ability to ship products to our customers, our future results or financial outlook for the full year, price increases and product/service competition from foreign and domestic competitors, including new entrants; technological developments and changes; the ability to continue to introduce new competitive products and services on a timely and cost-effective basis; our range of products/services; increases in raw material costs that cannot be recovered in product prices; changes in domestic and foreign governmental and public policies, including environmental and industrial regulations; threats associated with terrorism and efforts to combat it; protection and validity of patents and other intellectual property rights; the successful identification, execution and integration of our strategic acquisitions; the success of strategic arrangements; the cyclical nature of our business; the impact of information technology, cybersecurity or data security breaches on our business or third parties; and the outcome of pending and future litigation and governmental proceedings. In addition, these statements could be affected by general industry and market conditions and growth rates, the state of financial and credit markets, and general domestic and international economic conditions, including rate fluctuations. interest and exchange rates. In addition, any conflict in the international arena may adversely affect general market conditions and our future performance. We refer you to the documents we file from time to time with the Securities and Exchange Commission, such as our reports on Form 10-K, Form 10-Q and Form 8-K, for a discussion of these risks and other risks and uncertainties that could cause our actual results to differ materially from our current expectations and from the forward-looking statements contained in this press release. We assume no obligation to update forward-looking statements.

About Carlisle Companies Incorporated

Carlisle Companies Incorporated is a leading provider of innovative building envelope products and energy efficient solutions for customers creating sustainable buildings of the future. Through its building materials businesses (CCM and CWT) and its family of leading brands, Carlisle provides customers with innovative, labor-saving and environmentally friendly products and solutions through through the Carlisle experience. Over the life of a building, Carlisle’s products help reduce greenhouse gas emissions, improve energy savings for building owners and operators, and increase building resilience. a building to the elements. Driven by its strategic plan, Vision 2025, Carlisle is committed to generating superior returns for shareholders and maintaining a balanced approach to capital deployment, including investments in our businesses, strategic acquisitions, share buybacks and continued dividend increases. Carlisle is also a leading supplier of products to the aerospace, medical technology and general industrial markets through its Interconnect Technologies (CIT) and Fluid Technologies (CFT) business segments.

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Elaine R. Knight