CentroMotion Completes Acquisition Of Carlisle Brake & Friction

Industry: Manufacturing

Today, CentroMotion announces that Carlisle Brake & Friction is now part of the CentroMotion family of brands after completing the previously announced acquisition.

Waukesha, WI (PRUnderground) August 2nd, 2021

CentroMotion, a leading designer and manufacturer of highly engineered components and systems for the industrial and transportation markets, today announced that it has successfully completed the previously announced acquisition of Carlisle Brake & Friction (“CBF”) from Carlisle Companies Incorporated (NYSE: CSL). The addition of CBF to CentroMotion’s growing portfolio of highly respected brands creates a global technology leader focused on mission-critical solutions and applications.

Founded in 1920, CBF is the largest global manufacturer of friction materials and mechatronic solutions for off highway brake and transmission products. The company is headquartered in Medina, Ohio with approximately 1,350 employees serving customers across 70 countries. CBF will join the existing portfolio of brands under CentroMotion, alongside CrossControl, Elliott Manufacturing, Gits Manufacturing, maximatecc, Power-Packer and Weasler Engineering.

“We are delighted to welcome CBF to CentroMotion and add its advanced capabilities and product offerings to our growing platform. Together with CBF, CentroMotion is well positioned as a broad provider of highly engineered solutions for OEMs worldwide, whose applications operate in some of the most demanding and harshest of environments. Our solutions offer safety, reliability, and efficiency to our customers’ products that Move, Build, and Feed the World,” said Roger Roundhouse, Chief Executive Officer of CentroMotion.

“The CBF team is looking forward to leveraging our collective capabilities as part of CentroMotion to provide more value to our common customers. We are excited to work with Roger and the CentroMotion team in this next chapter for CBF,” said Ted Messmer, President of CBF.

CentroMotion has been wholly-owned by an affiliate of One Rock Capital Partners, LLC since 2019.

About CentroMotion

CentroMotion designs and delivers highly engineered products that enhance the safety, reliability and productivity of equipment used in transportation, agriculture, construction, mining and demanding industrial environments. Our innovative team works collaboratively with customers through our family of trusted, established brands, bringing deep subject-matter expertise in complementary technologies. This expertise, combined with our exceptional scale and geographic reach, makes us a reliable partner to help our customers achieve their goals, and provide end users with the best equipment possible. Our well-known brands include Power-Packer for hydraulic motion control and stabilization systems; CrossControl and maximatecc for operator information and human-machine interface systems; Elliott Manufacturing and Weasler Engineering for power and force transmission through flexible and rigid driveline systems; Gits Manufacturing for high-performance engine thermal and emission control solutions; and Carlisle Brake & Friction for materials and mechatronic solutions for off-highway brake and transmission products. Learn more about CentroMotion at www.centromotion.com.

About Lone Star Funds
Lone Star, founded by John Grayken, is a leading private equity firm advising funds that invest globally in real estate, equity, credit, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized 22 private equity funds with aggregate capital commitments totaling approximately $86 billion. The firm organizes its funds in three series: the Commercial Real Estate Fund series; the Opportunity Fund series; and the U.S. Residential Mortgage Fund series. Lone Star invests on behalf of its limited partners, which include institutional investors such as pension funds and sovereign wealth funds, as well as foundations and endowments that support medical research, higher education, and other philanthropic causes. For more information regarding Lone Star Funds, go to www.lonestarfunds.com.

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