Carlisle Companies Incorporated announced that it has successfully completed the previously announced purchase of Henry Company from affiliates of American Securities LLC for $1.575 billion in cash. Henry is a provider of building envelope systems that control the flow of water, vapor, air, and energy in a building.
“Serving a range of customers across both new construction and repair and restoration projects within the residential, light commercial, and commercial end-markets, Henry’s complementary solutions strengthen the positioning of Carlisle’s Construction Materials (CCM) business in integrated building envelope solutions that reduce installation times and improve energy efficiency,” the company shared.
“The acquisition of Henry and recent divestiture of Brake & Friction are consistent with Carlisle’s Vision 2025 strategy to streamline the portfolio with a focus on investing in high returning assets and generate in excess of $15 of earnings per share,” the company added.