Carlisle Companies Incorporated announced plans to invest more than $45 million to build the next phase of its Research & Innovation Center in Carlisle, Pennsylvania. Consistent with Carlisle?s Vision 2030 strategy to achieve above-market growth and additional price for value, the expansion further positions Carlisle to leverage mega trends around energy efficiency, labor savings and the re-roofing cycle. The Carlisle Research & Innovation Center expansion will add over 50,000 square feet of additional lab space, work area, and equipment stations to the existing facility in Carlisle and provides world-class office and collaboration space for planned increases in innovation staffing.

The planned expansion will more than double the current square footage dedicated to research and innovation in Carlisle, PA, and will help accelerate new product development and commercialization focused on increasing annual new product revenue in line with Carlisle?s Vision 2030 objectives.