Carlisle Company Inc. Is to buy Hertalan Holding BV., for a purchase price of about 38 million. Hertalan is leading manufacture of EPDM-based foofing membranes and industrial component serving key European markets.
With annual sales of 25 million, Hertalan has 130 employees and operates facilities in Kampen, the Netherlands and Baia Mare, Romania. The business will operate within carlisle's Construction Materials (CCM) segment.
Hertalan's products complement Carlisle's German-based PDT signle-ply foofing business acquired in August 2011.
The nich-oriented market for single-ply roofing and waterproofing membrane solutions within Europe is expanding and the addition of Hertalan's long-standing capabilities in the region provides a solid footing CCM to grow in the region, Carlisle said.
David Roberts, Carlisle CEO, said,"The acqusition of Hertalan will further strengthen CCM's ability to efficiently serve European Customers in the single-ply roofing market in Europe with local manufacturing and established distribution."