CentroMotion Completes Acquisition of Carlisle Brake & Friction
03 August 2021 - 6:11AM
Business Wire
CentroMotion, a leading designer and manufacturer of highly
engineered components and systems for the industrial and
transportation markets, today announced that it has successfully
completed the previously announced acquisition of Carlisle Brake
& Friction (“CBF”) from Carlisle Companies Incorporated (NYSE:
CSL). The addition of CBF to CentroMotion’s growing portfolio of
highly respected brands creates a global technology leader focused
on mission-critical solutions and applications.
Founded in 1920, CBF is the largest global manufacturer of
friction materials and mechatronic solutions for off highway brake
and transmission products. The company is headquartered in Medina,
Ohio with approximately 1,350 employees serving customers across 70
countries. CBF will join the existing portfolio of brands under
CentroMotion, alongside CrossControl, Elliott Manufacturing, Gits
Manufacturing, maximatecc, Power-Packer and Weasler
Engineering.
“We are delighted to welcome CBF to CentroMotion and add its
advanced capabilities and product offerings to our growing
platform. Together with CBF, CentroMotion is well positioned as a
broad provider of highly engineered solutions for OEMs worldwide,
whose applications operate in some of the most demanding and
harshest of environments. Our solutions offer safety, reliability,
and efficiency to our customers’ products that Move, Build, and
Feed the World,” said Roger Roundhouse, Chief Executive Officer of
CentroMotion.
“The CBF team is looking forward to leveraging our collective
capabilities as part of CentroMotion to provide more value to our
common customers. We are excited to work with Roger and the
CentroMotion team in this next chapter for CBF,” said Ted Messmer,
President of CBF.
CentroMotion has been wholly-owned by an affiliate of One Rock
Capital Partners, LLC since 2019.
ABOUT CENTROMOTION
CentroMotion is a growing portfolio of highly respected global
brands that add value through innovative motion, actuation and
control technologies. Our highly skilled subject matter experts
develop solutions that enable our global customers’ products to be
smarter, safer and more productive. Our well-known brands include
Power-Packer for hydraulic motion control and stabilization
systems; CrossControl and maximatecc for operator information and
human-machine interface systems; Elliott Manufacturing and Weasler
Engineering for power and force transmission through flexible and
rigid driveline systems; Gits Manufacturing for high performance
engine thermal and emission control solutions; and Carlisle Brake
& Friction for materials and mechatronic solutions for off
highway brake and transmission products. Learn more about
CentroMotion at www.centromotion.com.
ABOUT CARLISLE BRAKE & FRICTION
Carlisle Brake & Friction is a globally recognized leader in
the development and manufacture of highly innovative brake and
friction system solutions to service a diverse range of motion
control applications and markets, including the agriculture,
construction, mining, heavy duty truck, industrial, aerospace and
military sectors. The comprehensive nature of Carlisle’s brake
system expertise includes hydraulic control products, industrial
brake assemblies, wet and dry friction materials for brake, clutch
and transmission applications as well as aftermarket replacement
kits. Our full-system product offering, supported by our
industry-experienced team of experts, provides our customers with
brake system solutions that set them apart from our
competition.
ABOUT ONE ROCK CAPITAL PARTNERS, LLC
One Rock makes controlling investments in companies with
potential for growth and operational improvement using a rigorous
approach that utilizes highly experienced Operating Partners to
identify, acquire and enhance businesses in select industries. The
involvement of these Operating Partners affords One Rock the
ability to conduct due diligence and consummate acquisitions and
investments in all types of situations, regardless of complexity.
One Rock works collaboratively with company management and its
Operating Partners to develop a comprehensive business plan focused
on growing the enterprise and its profitability to enhance
long-term value. For more information, visit
www.onerockcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210802005724/en/
Hallie Erlich Prosek Partners for One Rock Capital
pro-onerock@prosek.com
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