Carlisle Selling Tire Division for $375 million

Carlisle Companies Inc. is selling Carlisle Transportation Products (CTP) to American Industrial Partners (AIP) of New York, N.Y., for $375 million in cash.
CTP manufactures and distributes bias-ply and radial tires, stamped and roll-formed steel wheels and tire and wheel assemblies to non-automotive customers, and power transmission belts and related components to industrial customers globally. The tire division had 2012 sales of $778 million.
Carlisle’s tire division is not a part of the company’s growth strategy, according to David Roberts, Carlisle’s chairman, president and CEO.
Carlisle Tire
AIP is a middle market private equity firm that invests in North American industrial businesses serving domestic and global markets.

Your Next Tire stocks a lot of Carlisle ATV tires and even with the sale of their Tire division will continue to sell quality Carlisle ATV, Lawn Mower and Trailer Tires. We have most sizes in stock, so give us a call today at 1-888-513-8473.

Source Modern Tire Dealer

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