Carlisle Companies Inc. announced the acquisition of Drexel Metals Inc., a provider of architectural standing seam metal roofing systems for commercial, institutional and residential applications.
With annual sales of approximately $50 million and 65 employees, Drexel Metals is headquartered in Louisville, Ky., and has facilities in Maryland, Pa., Colorado and Florida from which it serves more than 700 customers. Drexel designs and fabricates metal roofing systems for both residential and non-residential applications. Drexel both fabricates its products in its facilities and offers distributors and installers a field fabrication program backed by the company’s premium brand, marketing support, training, testing and warranties.
The business will operate as a unit within Carlisle Construction Materials (CCM), a manufacturer of a complete range of roofing and waterproofing products for commercial and industrial buildings, including single-ply roofing, rigid foam insulations, below-grade waterproofing and air/vapor barrier systems.
“Drexel Metals provides Carlisle Construction Materials a complementary addition to its range of roofing products and systems as well as access to new end markets and sales channels, said D. Christian “Chris” Koch, Carlisle’s president and chief executive officer. “Drexel provides an excellent foundation for additional growth investment in a growing roofing products sector. This acquisition is consistent with CCM’s strategy of expanding into premium products for the building envelope in attractive growth sectors. We are very pleased to welcome the Drexel Metals team to Carlisle.”
Source: roofingmagazine.com =>Carlisle Acquires Drexel Metals