Carlisle Acquires Accella Group for $2 Billion

Ticker: CSL · Form: 8-K · Filed: 2024-07-24T00:00:00.000Z

Sentiment: bullish

Topics: acquisition, m&a, polyurethanes

TL;DR

Carlisle buying Accella for $2B to boost its polyurethanes game.

AI Summary

Carlisle Companies Inc. announced on July 19, 2024, that it has entered into a definitive agreement to acquire the assets of the Accella Group, a leading polyurethanes business, for $2.0 billion. This strategic acquisition is expected to significantly expand Carlisle's presence in the attractive polyurethane market and enhance its product offerings.

Why It Matters

This acquisition allows Carlisle to significantly expand its footprint in the growing polyurethane market, potentially leading to increased revenue and market share.

Risk Assessment

Risk Level: medium — Acquisitions of this size carry inherent integration risks and the potential for overpayment, which could impact future financial performance.

Key Numbers

$2.0B — Acquisition Price (Carlisle's purchase of Accella Group's assets.)

Key Players & Entities

Carlisle Companies Inc. (company) — Registrant
Accella Group (company) — Acquired entity
$2.0 billion (dollar_amount) — Acquisition price
July 19, 2024 (date) — Agreement date

FAQ

What is the primary business of the Accella Group?

The Accella Group is described as a leading polyurethanes business.

What is the total value of the definitive agreement to acquire Accella Group's assets?

The definitive agreement is for $2.0 billion.

On what date was the definitive agreement entered into?

The definitive agreement was entered into on July 19, 2024.

What is the expected impact of this acquisition on Carlisle Companies Inc.?

The acquisition is expected to significantly expand Carlisle's presence in the attractive polyurethane market and enhance its product offerings.

What is the SIC code for Carlisle Companies Inc.?

The Standard Industrial Classification code for Carlisle Companies Inc. is 3060 (FABRICATED RUBBER PRODUCTS, NEC).

From the Filing

0000790051-24-000163.txt : 20240724 0000790051-24-000163.hdr.sgml : 20240724 20240724161250 ACCESSION NUMBER: 0000790051-24-000163 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 19 CONFORMED PERIOD OF REPORT: 20240719 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240724 DATE AS OF CHANGE: 20240724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARLISLE COMPANIES INC CENTRAL INDEX KEY: 0000790051 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED RUBBER PRODUCTS, NEC [3060] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 311168055 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09278 FILM NUMBER: 241138224 BUSINESS ADDRESS: STREET 1: 16430 N. SCOTTSDALE RD. STREET 2: SUITE 400 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 BUSINESS PHONE: 480-781-5000 MAIL ADDRESS: STREET 1: 16430 N. SCOTTSDALE RD. STREET 2: SUITE 400 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 8-K 1 csl-20240719.htm 8-K csl-20240719 0000790051 false 0000790051 2024-07-19 2024-07-19 0000790051 us-gaap:CommonStockMember 2024-07-19 2024-07-19 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________    FORM  8-K _____________________________________________________  CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934  _____________________________________________________  Date of Report (Date of earliest event reported): July 19, 2024 www.carlisle.com     CARLISLE COMPANIES INCORPORATED (Exact name of registrant as specified in its charter) Delaware   001-09278   31-1168055 (State or other jurisdiction of incorporation or organization) (Commission File Number) (I.R.S. Employer Identification No.)   16430 North Scottsdale Road , Suite 400 , Scottsdale , Arizona 85254 (Address of principal executive offices, including zip code) 480 - 781-5000 (Registrant’s telephone number, including area code)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class   Trading Symbol(s)   Name of exchange on which registered Common stock, $1 par value CSL New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐     Emerging growth company ☐     If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 2.02.             Results of Operations and Financial Condition.   On July 24, 2024, Carlisle Companies Incorporated (the “Company”) issued a pre