Carlisle Companies to Acquire Bonded Logic, an Innovative Manufacturer of Sustainable Insulation Products
Carlisle Companies Incorporated (NYSE:CSL) today announced that it has entered into a definitive agreement to acquire select assets of Bonded Logic, Inc. and Phoenix Fibers, LLC (collectively as "Bonded Logic"). Bonded Logic is a U.S. manufacturer of sustainable thermal and acoustical insulation products. Founded in 2002 with manufacturing locations in Arizona and Georgia, Bonded Logic is best known for its innovative natural fiber insulation products and groundbreaking manufacturing process that delivers a wide range of insulation densities and thicknesses while delivering ease of installation and sustainability features.
The acquisition of Bonded Logic is consistent with Carlisle's Vision 2030 strategy and its strategic pivot to a pure play building products company. The acquisition reinforces Carlisle's emphasis on increased investment in innovation, synergistic M&A, delivering on its sustainability commitments, and bringing to market new building envelope products that deliver energy efficiency and contractor labor-savings.
Chris Koch, Chair, President, and Chief Executive Officer, said, "The Bonded Logic acquisition leverages our proven M&A playbook and expands our offering of building envelope products for more energy efficient buildings. This acquisition enables further development of our innovative Henry® UltraTouch™ Denim Insulation that's made from recycled denim and cotton fibers and represents long-term revenue and margin expansion opportunities for Carlisle as we work towards our Vision 2030 objectives."
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
Forward-Looking Statements
This press release contains forward-looking statements, including those with respect to the acquisition of Bonded Logic and the anticipated timing of the closing of the transaction. These statements represent only Carlisle's current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Carlisle's control. Actual results could differ materially from those reflected in this press release for various reasons, including the failure of the parties to meet or waive closing conditions. Carlisle disclaims any obligation to update forward-looking statements except as required by law.
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. Learn more about Carlisle at www.carlisle.com.
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Mehul Patel
Vice President, Investor Relations
Carlisle Companies Incorporated
(310) 592 - 9668
[email protected]