Carlisle Companies Incorporated announced the acquisition of MBTechnology, Inc., (MBT) a leading manufacturer of energy-efficient, styrene-butadiene-styrene modified bitumen roofing and underlayment systems for residential and commercial applications.
The purchase of MBT is consistent with Carlisle’s Vision 2025 strategy to build scale in our highest returning businesses through synergistic acquisitions to drive in excess of $15 of earnings per share.
MBT will become part of the Carlisle Construction Materials (CCM) operating segment and is a strategic bolt-on to Carlisle’s recent Henry Company acquisition.
Founded in 1983 and based in Fresno, California, MBTechnology, Inc. provides product line extensions, turnkey capacity to meet rolled goods demand and further expansion into West Coast markets over the coming years.
“The acquisition of MBTechnology, Inc., together with our recent acquisition of Henry Company, is consistent with our stated strategy to invest in our building products platform, expand our presence throughout the building envelope and continue to provide our customers with energy-efficient solutions," said Chris Koch, chairman, president and CEO.
"We are excited to have MBT join CCM’s Carlisle Weatherproofing Technologies (CWT) business where it will expand CWT’s modified bitumen roofing offerings and provide additional capacity for roofing underlayments," Henry Company President Frank Ready added. "MBT also shares Carlisle’s commitment to improving the energy-efficiency of buildings in several ways. First, MBT manufactures systems to control the flow of water, vapor, air and energy in a building; second, more than half of MBT’s consumed energy is derived from on-site solar panels; and third, MBT’s Ecotorch product, a modified bitumen torch-applied roofing membrane, is made partially from recycled tires, which complements our Ultimate RB business."