Carlisle Completes ArvinMeritor Brake Acquisition
Posted on December 8, 2005
Carlisle Motion Control Industries, a subsidiary of Carlisle Companies, has completed its acquisition of ArvinMeritor’s off-highway brake business located in York, S.C., and Cwmbran, South Wales, U.K. The deal was originally announced in early October and the purchase price was reported to be approximately $39 million.
"Carlisle will provide an even broader line of products and enhanced technical support to our key customer base as a result of this acquisition," noted Doug DeVallance, general manager of Carlisle Industrial Brake and Friction, which manufactures brake systems for heavy-duty mining, construction, industrial, and agricultural equipment.