Carlisle Tire & Wheel (CTW), a wholly-owned subsidiary of Carlisle Companies Incorporated (NYSE:CSL), announced today that it will consolidate its manufacturing facility located in Carlisle, Pa. with the former Bowdon, Ga. manufacturing plant and portions of its Chinese operations into a newly acquired 568,000 square foot facility in Jackson, Tenn., located between Memphis and Nashville, Tenn. After the fire loss of the Bowdon, Ga. facility in November 2008, Carlisle conducted a nationwide search to determine an optimal location to relocate or rebuild the operation while a temporary manufacturing facility was established in a leased facility in nearby Heflin, Ala.
CTW will continue to operate its 260,000 square foot distribution center in Carlisle, Pa., which employs approximately 67 people. Additionally, Carlisle's largest operation, Carlisle Construction Materials, which employs approximately 475 people in Pa., will continue to be headquartered in Carlisle, Pa.
CTW's President, Fred A. Sutter, commented, "Carlisle Companies Inc. has been deeply entrenched in the community of Carlisle, Pa. since this company began in 1917, deriving our name from the town. Though one of the CTW facilities will be relocating, we continue to be committed to the Carlisle community and the excellent relationship we have had with them. The Jackson, Tenn. facility affords CTW an ideal location, more centralized to our markets with excellent expansion opportunities. This strategic move will strengthen CTW's competitive advantage, improve our workflow and help us to maximize the benefit of the Carlisle Operating System, Carlisle's standardized manufacturing structure and system that allows us to improve -our overall profitability and increase shareholder value."
Sutter added, "The transition of the CTW manufacturing facilities from Carlisle, Pa., Helfin, Ala. as well as the production of some products from China to Jackson, Tenn. will take place over the next 18 months. We will be offering our employees the opportunity to pursue employment at other Carlisle facilities in the area, relocation opportunities to other Carlisle facilities outside the area, or retention bonuses and outplacement services to help them transition to other opportunities."
About Carlisle Tire & Wheel: Carlisle Tire & Wheel manufactures medium to small bias pneumatic tires, steel belted radial trailer tires, plastic and steel wheels for the lawn and garden, ATV, golf car, trailer, skid steer, agriculture, industrial,and related replacement markets.