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Carlisle Companies Completes Purchase of ThermaFoam

1. Carlisle acquires ThermaFoam for expanded insulation capabilities in Texas. 2. The acquisition supports Carlisle's Vision 2030 strategy for building products. 3. This purchase follows the acquisition of Plasti-Fab to enhance market presence. 4. ThermaFoam adds geographical coverage in South Central U.S. construction markets. 5. Carlisle aims for net-zero emissions by 2050, aligning with sustainability goals.

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FAQ

Why Bullish?

The acquisition strengthens Carlisle's market position and aligns with strategic growth targets, suggesting positive investor sentiment. Past acquisitions have typically resulted in increased market confidence and stock price appreciation.

How important is it?

The acquisition is significant to CSL's growth strategy and operational capabilities, impacting investor perceptions and potential future earnings. Higher importance is assigned due to its alignment with the company's strategic vision and market positioning.

Why Long Term?

The integration of ThermaFoam into Carlisle's portfolio is expected to take time but will enhance long-term revenue streams and market presence. Similar acquisitions have had lasting impacts on company valuations over extended periods.

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PLTICSL
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL) today announced it has completed the previously announced purchase of Texas-based expanded polystyrene insulation manufacturer ThermaFoam. ThermaFoam, headquartered in the Dallas/Fort Worth area, provides expanded polystyrene insulation products into the commercial, residential, and infrastructure construction markets. The acquisition of ThermaFoam supports Carlisle’s Vision 2030 strategy and strategic pivot to a pure play building products company, builds on the recently completed acquisition of Plasti-Fab, and leverages Carlisle’s vertically integrated expanded polystyrene capabilities while adding geographic coverage in Texas and the South Central United States. About Carlisle Companies Incorporated Carlisle Companies Incorporated is a leading supplier of innovative building envelope products and solutions for more energy efficient buildings. Through its building products businesses – Carlisle Construction Materials (“CCM”) and Carlisle Weatherproofing Technologies (“CWT”) – and family of leading brands, Carlisle delivers innovative, labor reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Leveraging its culture of continuous improvement as embodied in the Carlisle Operating System (“COS”), Carlisle has committed to achieving net-zero greenhouse gas emissions by 2050.

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