Carlisle to Acquire PDT for €80M

Carlisle Companies Incorporated CSL announced today that it has entered into a definitive agreement to acquire PDT Phoenix GmbH for a purchase price of approximately €80 million ($113 million at current exchange rates). The purchase agreement calls for contingent payments based upon PDT's future earnings. PDT is a leading manufacturer of EPDM-based (rubber) roofing membranes and industrial components serving key European markets. With annual sales of approximately €80 million, PDT has 273 employees and operates facilities in Hamburg and Waltershausen, Germany. The business will operate within Carlisle's Construction Materials segment.