Content about Elastomers

August 3, 2011

Charlotte, N.C.-based Carlisle Cos. completed the acquisition of PDT Phoenix GmbH in Germany for approximately EUR80 million in cash.

The purchase agreement calls for contingent payments based upon PDT's future earnings.

With annual sales of approximately EUR80 million, PDT is a leading manufacturer of EPDM-based (rubber) roofing membranes and industrial components serving key European markets. PDT will operate within Carlisle's Construction Materials segment.