Carlisle Acquires MS Oberflächentechnik AG (MS)
Adds powder coating equipment, excellent technology and a strong brand to Carlisle Fluid Technologies
CHARLOTTE, NORTH CAROLINA, February 22, 2016 - Carlisle Companies Incorporated (NYSE:CSL) today announced that it has acquired MS Oberflächentechnik AG (MS), a Swiss-based developer and manufacturer of powder coating systems and related components.
With annual sales of approximately $6 million, MS designs and manufactures customized powder coating systems and components for several end markets and sells primarily to customers in Europe. The company has been owned by Mr. Henry Marcon for the past 25 years and operates from facilities in Balgach, Switzerland. MS has 30 employees and a track record of superior system design, consultancy and new product development.
In making the announcement, President Barry Holt said, “The acquisition of MS fits squarely into our growth plans and further builds upon the global foundation of a comprehensive technology platform under the new Carlisle Fluid Technologies division. With the acquisition of MS we open up significant new incremental business opportunities with both existing and new customers who use this finishing technology.” Powder coating offers an environmentally-friendly, economical solution for harsher environment surface applications. New formulations have opened use of powder on a greater variety of substrates.
With this acquisition of MS, the company adds a fifth brand to its portfolio of well-known Binks®, DeVilbiss®, Ransburg® and BGK® brands serving diverse end markets for paints and coatings, including OE automotive, automotive refinishing, aerospace, agriculture, construction, marine, rail and other industrial applications. The business operates from 26 locations in seven countries with 50% of its sales in the Americas and the remainder primarily in Asia and Europe.
Charles J. Scott
Global Director of Marketing
Carlisle Fluid Technologies