other material
confidence high
sentiment neutral
materiality 0.75
Carlisle Companies announces plan to sell Carlisle Interconnect Technologies unit
CARLISLE COMPANIES INC
- CIT designs high-performance wire, cable, fiber optics for aerospace, defense, medical, industrial markets.
- CEO Chris Koch says sale will complete Carlisle's pivot to a pure play building products company.
- Process to sell CIT is commencing as of September 7, 2023; no deal terms disclosed yet.
- CIT also provides sensors, connectors, cable assemblies, harnesses, and certification services.