
Carlisle Companies Incorporated, a global leader in commercial and industrial building envelope products has announced it will acquire Petersen Aluminum Corporation, a manufacturer of high-quality metal roofing products through its subsidiary Carlisle Construction Materials (CCM) for approximately $197 million.
Headquartered in Illinois, Petersen’s primary business is the manufacture and distribution of metal roof panels, steel and aluminium flat sheets and aluminium coils, wall panels, perimeter roof edge systems and related accessories for construction, industrial and agricultural sectors. The company is a leader in its served markets with approximately $160 million of annual revenue.
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Chris Koch, CEO and President, said, "The acquisition of Petersen is part of our strategy of providing customers with a portfolio of high quality, innovative products and solutions that meet an increasing array of their building envelope needs. Petersen is an excellent fit with our recent acquisitions in the metal roofing space...”
The company expects to achieve annual combined earnings of $4.0 million across the metal roofing platform as a result of the acquisition. Petersen will enhance its penetration in the fast growing regions of Texas, Arizona, Georgia and the Midwest in the metal roofing business.
Once the transaction is complete, Petersen Aluminum Corporation will be reported as part of the Carlisle Construction Materials (CCM) segment.
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