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Carlisle Cos Inc., Scottsdale, AZ, (NYSE:CSL), through its Carlisle Construction Materials operating segment, has agreed to acquire Accella Performance Materials, Maryland Heights, MO, a specialty polyurethane platform, from Arsenal Capital Partners for $670 million.
“The acquisition of Accella Performance Materials is part of our well-established strategy of providing customers with high quality, innovative solutions for building envelope applications," said D. Christian Koch, Carlisle’s president and CEO. "Accella provides an excellent adjacent opportunity into the attractive polyurethane market, which includes Spray Polyurethane Foam and Liquid Applied Roofing. Both markets are expected to grow annually at 10-15% through 2020, outpacing broader construction market growth. In addition to accessing new products, new technologies and new markets, Accella delivers profitable market diversity to our CCM business."
Upon completion of the transaction, the business will be reported as part of the CCM segment.