(RTTNews) - Carlisle Companies (CSL) has entered into a definitive agreement to acquire the expanded polystyrene "EPS" insulation segment of PFB Holdco, Inc., a portfolio company of The Riverside Company, composed of the Plasti-Fab and Insulspan brands, or Plasti-Fab.
Plasti-Fab is a vertically integrated provider of EPS insulation products across Canada and the Midwestern United States. Carlisle will purchase Plasti-Fab for $259.5 million in cash. Plasti-Fab is headquartered in Calgary, Alberta, and has eight manufacturing locations across Canada and three in the United States.
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