CentroMotion acquires Carlisle Brake & Friction
26 May 2021
CentroMotion, a designer and manufacturer of highly engineered components and systems for the industrial and transportation markets, is to acquire Carlisle Brake & Friction (CBF), a global manufacturer of friction materials and mechatronic solutions for off highway brake and transmission products, from Carlisle Companies Incorporated.
CBF will join CentroMotion’s growing portfolio of global brands, currently composed of CrossControl, Elliott Manufacturing, Gits Manufacturing, maximatecc, Power-Packer and Weasler Engineering.
“As we became better acquainted with the CBF team, we found that they share CentroMotion’s commitment to quality, continuous improvement, and a compelling customer value proposition differentiated by subject matter expertise, application knowledge, and leading technologies,” said Roger Roundhouse, CEO of CentroMotion. “Together, an integrated CBF and CentroMotion will serve as a holistic solutions provider to our joint customer base, with unparalleled breadth and depth of offerings across platforms and product lines.”
Ted Messmer, President of CBF, commented: “CentroMotion’s values align well with CBF’s culture of innovation, customer service and manufacturing excellence. Joining forces with CentroMotion provides CBF employees with the exciting opportunity to continue to work closely with blue chip OEMs around the world to solve their most pressing challenges.”
Terms of the transaction, which is expected to close later this year, have not been disclosed.
CentroMotion is headquartered in Waukesha, WI, USA, with approximately 2 000 employees serving customers across 50 countries. CBF is headquartered in Medina, Ohio with approximately 1 350 employees serving customers across 70 countries. Since 2019, CentroMotion has been wholly-owned by an affiliate of One Rock Capital Partners.