Carlisle to Sell Carlisle Transportation Products

Carlisle Companies Incorporated (NYSE: CSL) today announced the signing of adefinitive agreement to sell Carlisle Transportation Products (CTP) toAmerican Industrial Partners of New York, NY, for cash at an enterprisevalue of $375 million. The transaction is subject to customary closingconditions, including regulatory clearances, and is expected to close in thefirst quarter of 2014. With 2012 sales of $778 million, CTP manufactures and distributes bias-plyand radial tires, stamped and roll-formed steel wheels and tire and wheelassemblies to non-automotive customers, and power transmission belts andrelated components to industrial customers globally. Carlisle announced on July 23, 2013, that it recorded a non-cash pre-taxloss of $100 million at CTP for goodwill impairment during the secondquarter and engaged SunTrust Robinson Humphrey as a financial advisor toassist in evaluating strategic alternatives for CTP. David A. Roberts, Carlisle's Chairman, President and CEO, said "While webelieve the significant restructuring of CTP in recent years has stabilizedthe business and provided a foundation for a favorable outlook, the businessis not core to Carlisle's growth strategy nor supportive of our long-termoperating profit goals and expectations. The sale of CTP is a major step infurtherance of Carlisle's initiatives to focus on and invest inhigher-margin, faster growing businesses. I want to thank the customers ofCTP for their loyalty. As importantly, I also want to thank the employees ofCTP for their dedication and hard work over the years to make CTP a worldclass industrial business." The Company will discuss the CTP sale transaction during its scheduled thirdquarter 2013 earnings conference call on Tuesday, October 22 at 8:00 amEastern. Forward-Looking Statements This press release contains forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. These statements arebased on management's current expectations and are subject to uncertaintyand changes in circumstances. Actual results may differ materially fromthese expectations due to changes in global economic, business, competitive,market and regulatory factors. More detailed information about these factorsis contained in the Company's filing with the Securities and ExchangeCommission. The Company undertakes no duty to update forward-lookingstatements. About Carlisle Companies Carlisle Companies Inc. is a global diversified company that designs,manufactures and markets a wide range of products that serve a broad rangeof niche markets including commercial roofing, energy, agriculture, lawn andgarden, mining and construction equipment, aerospace and electronics, diningand food delivery, and healthcare. Through our group of decentralizedoperating companies led by entrepreneurial management teams we bringinnovative product solutions to solve the challenges our customers face. Our11,000 employees worldwide, who generated $3.6 billion in net sales in 2012,are focused on continuously improving the value of the Carlisle brand bydeveloping the best products, insuring the highest quality and providingunequaled customer service in the many industries we serve. Learn more aboutCarlisle at www.carlisle.com.