Carlisle Companies divests Carlisle Brake & Friction segment
On August 2, 2021, Carlisle Companies announced that the sale of Carlisle Brake & Friction to CentroMotion of Waukesha, WI had been completed. This divestiture will enable Carlisle Companies to focus more on its construction and materials businesses and meet its goals for streamlining laid out in the Vision 2025 strategic plan which is a plan to have the company focus on generating value-added decisions that will provide better returns for the company's shareholders. The deal to divestment was in the works since May 25, 2021 and the company is estimated to have received $375.0 million from the sale.
Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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