M&A Deal Summary

Carlisle Companies Acquires Zhejiang Kete Braking Business

On July 18, 2005, Carlisle Companies acquired automotive company Zhejiang Kete Braking Business from Zhejiang Kete Auto Parts Co. for 36M USD

Acquisition Highlights
  • This is Carlisle Companies’ 1st transaction in the Automotive sector.
  • This is Carlisle Companies’ 16th largest (disclosed) transaction.
  • This is Carlisle Companies’ 1st transaction in China.

M&A Deal Summary

Date 2005-07-18
Target Zhejiang Kete Braking Business
Sector Automotive
Buyer(s) Carlisle Companies
Sellers(s) Zhejiang Kete Auto Parts Co.
Deal Type Divestiture
Deal Value 36M USD

Target

Zhejiang Kete Braking Business

China
Zhejiang Kete Braking Business is a provider of heavy-duty brake lining and brake shoe for auto components.

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Buyer(S) 1

Buyer

Carlisle Companies

Scottsdale, Arizona, United States

Category Company
Founded 1917
Sector Manufacturing
Employees5,500
Revenue 5.0B USD (2024)
DESCRIPTION

Carlisle Companies is a diversified company that designs, manufactures, and markets a wide range of products that serve a broad range of niche markets including commercial roofing, energy, agriculture, mining, construction, aerospace and defense electronics, food service, healthcare and sanitary maintenance. Carlisle Companies was incorporated in 1917 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 8 of 41
Sector: Automotive M&A 1 of 2
Type: Divestiture M&A Deals 3 of 7
Country: China M&A 1 of 2
Year: 2005 M&A 1 of 1
Size (of disclosed) 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-01 Trintex - Tire and Wheel Business

United States

Trintex - Tire and Wheel Business, is a manufacturer of semi-pneumatic tires and wheels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-17 Insulfoam

Puyallup, Washington, United States

Insulfoam LLC is a manufacturer of block molded expanded polystyrene (EPS) products used primarily as insulation in building and other construction applications.

Buy $160M

Seller(S) 1

SELLER

Zhejiang Kete Auto Parts Co.

Hangzhou, China

Category Company
Sector Automotive
DESCRIPTION

Zhejiang Kete Auto Parts Co. Ltd. is a provider of different types of braking components for automotive.


DEAL STATS #
Overall 1 of 1
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2005 M&A 1 of 1
Size (of disclosed) 1 of 1