Carlisle Companies Inc., Charlotte, NC, (NYSE:CSL) has agreed to buy PDT Phoenix GmbH for €80 million (US$113 million).
We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
PDT is a manufacturer of EPDM-based (rubber) roofing membranes and industrial components serving European markets. With annual sales of €80 million, PDT has 273 employees and operates facilities in Hamburg and Waltershausen, Germany. The business will operate within Carlisle’s Construction Materials segment.
PDT’s products serve the niche-oriented market for single-ply roofing and waterproofing membrane solutions in Europe. PDT is also a manufacturer of elastomer profiles for use in applications for tunnels, rail, windows and facades. The acquisition of PDT provides CCM with an important manufacturing and sales distribution foothold in Europe for its wide range of products and energy efficient roofing solutions, according to Carlisle.