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LONDON, UK / ACCESSWIRE / January 11, 2017 / Active Wall St. blog coverage looks at the headline from Carlisle Cos. Inc. (NYSE: CSL) as the Company announced on January 09, 2017, the acquisition of San Jamar Inc., a part of the Dispensing Dynamics International family. The financial details of the agreement were not disclosed along with the announcement. Register with us now for your free membership and blog access at:

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One of Carlisle Cos.' competitors within the Rubber & Plastics space, The Goodyear Tire & Rubber Co. (NASDAQ: GT), is estimated to report earnings on February 14, 2017. AWS will be initiating a research report on Goodyear Tire & Rubber following the release of its next earnings results.

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About the Two Companies

Carlisle Companiesis a holding company for Carlisle Corporation and its wholly owned subsidiaries. With a workforce of 13,000 employees, the firm reported $3.5 billion net sales for the fiscal year 2015. Based in Scottsdale, Arizona, the Company operates through five segments, which are:

  • Carlisle Construction Materials (CCM)
  • Carlisle Interconnect Technologies (CIT)
  • Carlisle Fluid Technologies (CFT)
  • Carlisle Brake & Friction (CBF)
  • Carlisle FoodService Products (CFSP)

San Jamar, based in Elkhorn, Wisconsin, is a manufacturer of dispensers for paper towels, tissues, etc. Additionally, the Company designs personal and food safety products for commercial and institutional client base. The firm generates annual sales of approximately $87 million and operates with a workforce of 120 employees.

Breaking down the agreement

San Jamar deals primarily in manufacturing and distribution of dispensers for paper towels, tissue, soap, and air pollution and food safety products. The company will operate under the CFSP unit of Carlisle and will probably be accretive to the portfolio of CFSP flagship. The CFSP segment is a designer, distributor, and seller of commercial janitorial and foodservice products across three main markets.

CFSP operates the sanitary maintenance group under the Sparta brand of cleaning brushes, waste handling, and floor care supplies. The portfolio from San Jamar will seemingly strengthen Carlisle's grasp on the emerging market. D. Christian Koch, CEO and President, Carlisle, views this acquisition as a perfect growth strategy for CFSP.

The San Jamar business, which boasts of a unique portfolio and for being the industry leader, offers opportunities to expand the parent Company's business across San Jamar sales channels. The flagship Carlisle Operating System (COS) would assist in continuous improvement of the acquired entity. San Jamar views this agreement as an exposure-centred drive, where, new outlets from Carlisle would help San Jamar expand its business and create greater value for its customers.

The cross-platform development initiative

Carlisle, in recent years, has aimed at developing its presence across rapidly growing markets. Diversifying its growth strategy, the Company has aimed at delivering value through the acquisition of smaller units. Carlisle acquired Micro-Coax, a leading supplier of high-performance, high-frequency coaxial wire, and cable, for RF/microwave application in defense and research establishments on June 10, 2016. The annual sales for the firm stood at $45 million with 235 employees across two manufacturing units. This segment was accretive to the CIT sector of the parent firm, Carlisle.

Soon after this acquisition, on October 03, 2016, Carlisle acquired Star Aviation, a leading provider of design and engineering services, testing and certification work, along with manufacturing products for in-flight connectivity solutions. With annual sales amounting up to $30 million and 150 employees, the firm joined the Carlisle Interconnect Technologies (CIT) segment.

Stock Performance

At the closing bell, on Tuesday, January 10, 2017, Carlisle Cos.' stock was marginally up by 0.02%, ending the trading session at $108.22. A total volume of 463.38 thousand shares were traded at the end of the day, which was higher than the 3-month average volume of 349.28 thousand shares. In the last three months and previous twelve months, shares of the Company have advanced 2.78% and 37.58%, respectively. The Company's shares are trading at a PE ratio of 27.76 and have a dividend yield of 1.29%. The stock currently has a market cap of $6.99 billion.

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SOURCE: Active Wall Street