Business & GA, Commercial

Tensolite Parent Buys Carlyle

By Tish Drake | April 4, 2008
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Carlisle Companies Inc., the parent company of wire and cable manufacturer Tensolite, will pay $200 million to acquire Carlyle Inc., Tukwila, Wash., the companies said Thursday. Carlyle, with annual sales of about $125 million, manufactures wire and cable harnesses, rack and panels and cable assemblies for in-flight entertainment systems and specialty avionics applications. Carlisle, Charlotte, N.C., said the acquisition will strengthen Tensolite’s presence in specialty wire and cable and interconnect segment of the aerospace industry. “Carlyle will bring engineering and new product capabilities to Tensolite and will create new platforms for growth in avionics, rack and panel assemblies and general purpose airframe harnesses,” said David A. Roberts, Carlisle chairman, president and CEO. The transaction is expected to close in 30 days.

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