The latest update is out from Carlisle Companies ( (CSL) ).
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Carlisle Companies is set to expand its influence in the North American expanded polystyrene insulation market with the acquisition of Plasti-Fab for $259.5 million. This strategic move aligns with Carlisle’s Vision 2030 strategy, promising significant growth and cost synergies. Plasti-Fab, a leader in EPS products across Canada and the U.S., will enhance Carlisle’s market presence and add approximately $0.30 to adjusted earnings per share by 2025. The acquisition, expected to close in late 2024, reinforces Carlisle’s commitment to innovation and strategic M&A opportunities.
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