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Tensolite to Acquire Carlyle Inc.
Tensolite, of Carlisle Companies Inc., announced that it has signed a definitive agreement to acquire privately-owned Carlyle Inc., a provider of sophisticated aerospace and network interconnection solutions. With annual sales of approximately $125 M, Carlyle is focused on manufacturing wire and cable harnesses, rack and panels, and cable assemblies for in-flight entertainment systems and specialty avionics applications. The company has facilities in Tukwila and Kent, Washington. The business will operate within Carlisle’s Tensolite Company division.
Carlyle is a leader in the design, assembly and sale of specialty in-flight entertainment wire and cable assemblies to the aerospace industry. Strong demand for in-flight entertainment systems for leisure and productivity on both new aircraft and for retrofit applications has driven significant growth in Carlyle’s business. Carlyle’s products include wire harnesses, copper and fiber optic cable, and connectors that enable connectivity throughout an aircraft’s cabin. The company also designs and manufacturers a comprehensive line of cable, wiring connectivity and supporting products for the network infrastructure industry.
The acquisition will strengthen Tensolite’s core presence in specialty wire and cable and interconnect solutions for the aerospace industry. The purchase will also expand Tensolite’s global reach and add to its capabilities in other specialty interconnect segments.
David A. Roberts, Carlisle’s chairman, president and CEO, said “The addition of Carlyle will position Tensolite as a leader in the design and manufacture of high-end wire and cable products sold into a robust new build and retrofit aerospace industry segment. Carlyle will bring engineering and new product capabilities to Tensolite and will create new platforms for growth in avionics, rack and panel assemblies and general purpose airframe harnesses. The acquisition will also provide Tensolite access to new customers for its broad line of sophisticated interconnect solutions and add size and strength to our core wire and cable platform.”