Hertalan Holding B.V. was sold to Carlisle Companies Inc. Hertalan’s products, manufacturing processes and distribution channels strengthen Carlisle’s presence in Europe. The acquisition accelerates Hertalan’s international expansion.
Hertalan (www.hertalan.com) is a leading manufacturer of EPDM-based roofing membranes with facilities in Kampen, the Netherlands and Baia Mare, Romania and sales in the Netherlands, Germany, United Kingdom and other European countries. Hertalan employs 130 people and generates an annual turnover of EUR 25 million.
Carlisle (www.carlisle.com) is a global diversified company, traded on the New York Stock Exchange, that serves niche markets including commercial roofing. Carlisle generates annual sales of approximately EUR 2.5 billion and employs 11,000 people worldwide.
PhiDelphi Corporate Finance acted as adviser to the seller.