Carlisle Acquires Remaining Interest in Japan Power Brake, Inc., a Leading Manufacturer of Braking Solutions for Off-Highway Equipment

• Press Release
• Source: Carlisle Companies Incorporated
• On 10:01 am EDT, Thursday October 1, 2009

CHARLOTTE, N.C.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL - News) announced today that it has acquired from its joint venture partner, The Yokohama Rubber Company, Ltd., the remaining interest in Japan Power Brake, Inc. (JPB) of Atsugi, Japan. With annual sales of approximately $10 million, JPB is a leading provider of high performance braking solutions for off-highway equipment, primarily in the mining and construction industries in Japan. JPB’s products include dry disc brake assemblies, hydraulic components and associated friction parts sold primarily to global heavy duty construction equipment manufacturers. The company also has a significant aftermarket customer base. Carlisle Industrial Brake & Friction, a unit of Carlisle, and Yokohama Rubber had jointly owned JPB since 1989.

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Symbol	Price	Change
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Japan is home to many of the major global mining, agriculture, construction and wind turbine manufacturers and JPB provides Carlisle direct access to a sizable specialty brake and friction segment with on-site products and customer support for the local Japanese market. JPB and Carlisle Industrial Brake & Friction share many of the same customers, product designs and end markets and now as an integrated unit will be able to work closely together to achieve strategic growth.

David A. Roberts, Carlisle’s Chairman, President and CEO, said “Our acquisition of the remaining shares of JPB demonstrates our commitment to the global growth of Carlisle. Carlisle Industrial Brake & Friction is now established in an important industrial region where our customers expect a strong supplier. We will utilize our new ownership position and management focus in Japan to add resources, leverage our product development strengths, target new customers and add aftermarket distributors.”

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global economic, business, competitive, market and regulatory factors. More detailed information about these factors is contained in the Company's filings with the Securities and Exchange Commission. The Company undertakes no duty to update forward-looking statements.

About Carlisle Companies

Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, heavy-haul truck trailer, refrigerated truck body, foodservice, aerospace, and test and measurement industries.

Carlisle Companies Incorporated
Steven J. Ford, 704-501-1100
Vice President & Chief Financial Officer
http://www.carlisle.com