Carlisle Cos. Inc., Charlotte, NC, (NYSE:CSL) has acquired MS Oberflächentechnik AG, Balgach, Switzerland, a developer and manufacturer of powder coating systems and related components. Terms were not disclosed.
With annual sales of $6 million, MS designs and manufactures customized powder coating systems and components for several end markets and sells primarily to customers in Europe.
“The acquisition of MS Oberflächentechnik furthers our plan to grow Carlisle Fluid Technologies through product expansion into higher-margin adjacent markets," said Chris Koch, Carlisle’s president and CEO. "MS has excellent technology and a well-established customer base. With MS’s strong foundation and Carlisle’s resources, we are confident of growing the business into a solid powder coating segment and a strong contributor to Carlisle Fluid Technologies."