Carlisle Cos. (CSL) to Acquire Bonded Logic
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Dividend Yield: 1.4%
Revenue Growth %: +2.1%
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Carlisle Companies Incorporated (NYSE: CSL) today announced that it has entered into a definitive agreement to acquire select assets of Bonded Logic, Inc. and Phoenix Fibers, LLC (collectively as “Bonded Logic”). Bonded Logic is a U.S. manufacturer of sustainable thermal and acoustical insulation products. Founded in 2002 with manufacturing locations in Arizona and Georgia, Bonded Logic is best known for its innovative natural fiber insulation products and groundbreaking manufacturing process that delivers a wide range of insulation densities and thicknesses while delivering ease of installation and sustainability features.
The acquisition of Bonded Logic is consistent with Carlisle’s Vision 2030 strategy and its strategic pivot to a pure play building products company. The acquisition reinforces Carlisle’s emphasis on increased investment in innovation, synergistic M&A, delivering on its sustainability commitments, and bringing to market new building envelope products that deliver energy efficiency and contractor labor-savings.
Chris Koch, Chair, President, and Chief Executive Officer, said, “The Bonded Logic acquisition leverages our proven M&A playbook and expands our offering of building envelope products for more energy efficient buildings. This acquisition enables further development of our innovative Henry® UltraTouch™ Denim Insulation that’s made from recycled denim and cotton fibers and represents long-term revenue and margin expansion opportunities for Carlisle as we work towards our Vision 2030 objectives.”
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
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