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    Carlisle Companies to acquire Chinese firm

    Aug. 1, 2005
    Carlisle Companies Inc, based in Charlotte NC, has signed a definitive agreement to acquire 100% of the heavy-duty brake lining and brake shoe assets

    Carlisle Companies Inc, based in Charlotte NC, has signed a definitive agreement to acquire 100% of the heavy-duty brake lining and brake shoe assets of Zhejiang Kete, based in Hangzhou, China, for approximately $36 million. Kete will be under the management of Carlisle Motion Control, which is included in the Specialty Products segment.