Carlisle to Buy Henry for $1.575B

Carlisle to Buy Henry for $1.575B

Carlisle Cos. Inc. said it has agreed to buy Henry Co., a provider of building-envelope systems, for $1.575 billion in cash from private-equity firm American Securities LLC.

The acquisition adds a provider of systems that control the flow of water, vapor, air and energy in a building to Carlisle, which makes engineered products.

The deal could generate pretax cost savings of about $30 million by 2025, Carlisle said Monday. The company said it also expects the deal to add about $1.25 to adjusted per-share earnings in the first full fiscal year.

Henry generated $511 million in revenue for the 12 months ended May 31, according to Carlisle.

error: Content is protected !!