Carlisle Companies Incorporated has successfully completed its acquisition of the expanded polystyrene (EPS) insulation segment from PFB Holdco, Inc., a portfolio company of The Riverside Company. This acquisition, valued at $259.5 million in cash, includes the Plasti-Fab and Insulspan brands, collectively referred to as “Plasti-Fab.”
Overview of Plasti-Fab’s Operations and Market Presence
Headquartered in Calgary, Alberta, Plasti-Fab is a prominent vertically integrated provider of EPS insulation products serving Canada and the Midwestern United States. The company operates a total of 11 manufacturing facilities—eight located in Canada and three in the United States. Plasti-Fab’s products cater to various construction markets, including commercial, residential, and infrastructure sectors, reinforcing its role as a vital player in North America’s insulation industry.
Strategic Alignment with Carlisle’s Vision 2030
The acquisition of Plasti-Fab aligns seamlessly with Carlisle’s Vision 2030 strategy, which emphasizes driving growth through strategic mergers and acquisitions (M&A). This purchase embodies Carlisle’s four core M&A principles:
- Embedded Organic Growth: Plasti-Fab’s established market presence and reputation for high-quality products provide a strong foundation for organic growth.
- Cost Synergies: Identified opportunities for hard cost synergies are expected to enhance operational efficiencies and bolster profitability.
- Experienced Management Team: Plasti-Fab’s seasoned leadership team offers a wealth of expertise that will contribute to successful integration and long-term growth.
- Integration Success via Carlisle’s M&A Playbook: Leveraging its proven M&A playbook, Carlisle aims to ensure seamless operational integration while maintaining business continuity.
By acquiring Plasti-Fab, Carlisle strengthens its product portfolio, expands its geographic footprint, and enhances its position in the energy-efficient building solutions market.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a global leader in delivering innovative building envelope products and solutions designed to improve energy efficiency in buildings. Through its two primary business segments—Carlisle Construction Materials (CCM) and Carlisle Weatherproofing Technologies (CWT)—Carlisle provides a broad range of labor-saving and environmentally responsible products under a family of leading brands.
Carlisle is dedicated to delivering superior shareholder returns through a balanced approach to capital deployment. This strategy includes investing in core businesses, pursuing strategic acquisitions like Plasti-Fab, executing share repurchases, and maintaining consistent dividend increases.
Commitment to Sustainability and Continuous Improvement
Carlisle’s corporate culture is deeply rooted in continuous improvement, exemplified by the Carlisle Operating System (COS). This framework drives operational excellence, enhances product innovation, and ensures exceptional customer experiences. Further reflecting its commitment to sustainability, Carlisle has pledged to achieve net-zero greenhouse gas emissions by 2050, aligning its operations with global environmental goals.
Industrial Impact of the Acquisition
This strategic acquisition solidifies Carlisle’s leadership in the insulation market, particularly in EPS products. Plasti-Fab’s integration will allow Carlisle to expand its reach into the commercial, residential, and infrastructure construction markets across North America. Additionally, the acquisition reinforces Carlisle’s ability to deliver innovative and energy-efficient solutions, addressing the growing demand for sustainable building materials.
The inclusion of Plasti-Fab’s robust manufacturing network and market expertise positions Carlisle to capture a larger share of the evolving construction market. Furthermore, the acquisition highlights Carlisle’s ability to identify and integrate businesses that complement its strategic objectives, ensuring sustained growth and innovation.
