Carlisle Companies completes acquisition of Petersen Aluminum for $197 million

Carlisle Companies Incorporated has completed the acquisition of Elk Grove Village, Illinois-based Petersen Aluminum Corporation for approximately $197 million in an all-cash transaction.

Petersen’s manufactures and distributes architectural metal roof panels, steel and aluminium flat sheets and coils, wall panels, perimeter roof edge systems and related accessories for commercial, residential, institutional, industrial and agricultural markets.

Chris Koch, CEO and President of Carlisle , 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, including Drexel Metals, Sunlast Metal and Premium Panels, as well as a significant complementary addition to our single-ply roofing systems. We anticipate achieving annual synergies of $4.0 million across our metal roofing platform as a result of the acquisition.”

Carlisle Companies Incorporated is a diversified, global portfolio of niche brands that manufacture highly engineered products. Carlisle’s markets include: commercial roofing, specialty polyurethane, aerospace, medical, defence, transportation, industrial, protective coating, auto refinishing, agriculture, mining, and construction.