Carlisle Companies acquires Jerrik to expand products, capabilities for military programs
By APFriday, September 18, 2009
Carlisle acquires Jerrik for undisclosed price
CHARLOTTE, N.C. — Diversified manufacturer Carlisle Companies Inc. said Friday it acquired Jerrik Inc. to expand its products and capabilities to meet demand for specialized connectors used in defense electronics and avionics.
Terms of the deal were not disclosed.
“The addition of Jerrik will expand the range of products and capabilities of Carlisle Interconnect Technologies,” said David Roberts, Carlisle’s Chairman, President and CEO. “Jerrik will enhance our presence on mission critical military programs and strengthen our leading range of high-end interconnect solutions.”
Jerrik, based in Tempe, Ariz., is a maker of highly engineered military and aerospace filter connectors. It had annual sales of $20 million.
Shares of Carlisle fell a penny to $33.82 in midday trading.
