Carlisle’s Tire Business to Sell for $375M
Carlisle Cos. announced that a private equity group, American Industrial Partners, is buying its tire division in a $375 million deal, according to local media. The Charlotte, N.C.- based Carlisle said American Industrial Partners, based out of New York, is expected to pay cash for its transportation products segment. The company announced in July that
‘Price Aggressive’ Chinese Pushing Carlisle Out?
To hear Carlisle Companies tell it, the company’s eminent departure from the tire business is all China’s fault. Chinese competitors, claimed David Roberts, Carlisle CEO, in an interview with the Charlotte Observer, are “price aggressive.” As if this was some kind of new revelation, that Carlisle had previously been impervious to that factor. As if
Carlisle Companies Reconsidering Tire Efforts
Less than stellar financial results have caused Carlisle Companies, parent of Carlisle Tire & Wheel, to rethink its continued involvement in the tire business.
Carlisle: Tire Production Cheaper Here Than in China
Going against a trend witnessed in the tire industry over recent years, Carlisle Companies said it will transfer tire production from China over to the U.S. – for cost reasons. At the company’s fourth quarter 2011 conference call on Feb. 2, chairman, president and CEO David Roberts reported positive developments regarding efficiency levels at the
Carlisle Radial Trail RH is Official Tire of Anglers Tour
The Carlisle Radial Trail RH trailer tire has been named the Official Tire of the 2012 American Bass Anglers Tour. Carlisle Transportation Products announced it has re-signed as a tour level sponsor for the Toyota Tundra Bassmaster Weekend Series, American Fishing Tour, American Couples Series and the annual Military Team Bass Tournament. “Carlisle is a
Pirelli Thinking About Carlisle Plant Investment
Pirelli Tyre could be considering an investment in the future of its Carlisle, England, plant according to a report by a regional newspaper. The paper reports a conversation with Pirelli’s U.K. industrial director Paolo Battistini, who suggested that the company has some "investment forecast for this factory." Battistini also reiterated the company’s desire to stay
Two Trailers of Tires Stolen From Carlisle Plant
Cumberland County and Carlisle, Pa., police are looking for the daring thieves who stole an estimated $86,000 worth of new tires right from the Carlisle Tire plant in the city.The theft happened some time between the evening of July 29 and early morning the following day, police said. Police say the thieves targeted two white
Carlisle Has New Trailer Radial
Carlisle Tire & Rubber Co. has launched the new Radial Trail RH for the towable vehicle market. According to Carlisle, trailer tires face extreme use requirements and are often expected to perform under conditions of overloading, underinflation, improper tire choice for intended use, exposure to the elements, heat and general neglect related to irregular use
New Home for Carlisle Brake & Friction
With the formal launch of the renamed Carlisle Brake & Friction, the brake system supplier has moved into ‘new’ headquarters. Actually, the unit has taken over the former Solon, Ohio, headquarters of Hawk Corp.’s Wellman Products Group, which Carlisle Companies bought late last year. "We are very excited about the move to our new headquarters
Carlisle Buys, Sells in Two Deals
In two separate transactions, Carlisle Companies Inc., which operates Carlisle Tire & Wheel, bought a company and sold off one of its divisions. Last week, Carlisle Companies purchased friction product maker Hawk for an estimated $413 million in an all-cash deal. Hawk produces friction material for brake, clutch and transmission applications. Hawk will become part