Carlisle Companies Company History Timeline

1917

Carlisle Tire and Rubber Company, the precursor to Carlisle Companies Incorporated, began operations on September 12, 1917.

By 1917, Moomy had saved enough money to buy $4,000 in machinery and had an agreement from Montgomery Ward & Company to buy bicycle inner tubes.

1917 Carlisle Corporation is incorporated as a manufacturer of inner tubes.

1929

The stock market crash in October 1929 began a 10-year depression

1930

By 1930, the price of natural rubber dropped to a low of 3 cents a pound and Montgomery Ward & Company stock fell by more than 50%. In an effort to save its customer base, Carlisle offered to pay half of Montgomery Ward’s excise taxes on inner tubes.

1933

In accordance with the National Industrial Recovery Act of 1933, the Internal Revenue Service accepted write-offs of $452,938 for Carlisle’s debt, allowing Moomy to narrowly forestall bankruptcy.

1940

The Carlisle Interconnect Technologies (CarlisleIT) story goes back to 1940 when Henry Dudley Minich founded what was then known as Tensolite.

1943

In late 1943, faced with large wartime orders, Carlisle’s competitor, Pharis Tire and Rubber Company of Newark, Ohio, was badly in need of additional production capacity.

1950

In April of 1950 the Tensolite Insulated Wire Co., Inc. was founded by Henry Dudley Minich and his son, Charles Harrison Minich.

1954

CarlisleIT entered the field of polytetrafluoroethylene (PTFE) insulation and, before the end of 1954, expanded operations made it necessary to acquire additional floor space, which doubled the size of the Tarrytown factory.

1963

Starting in 1963 and continuing throughout the decade, Carlisle’s Wire and Cable business suffered slower demand for defense and space related products as the Vietnam War increased in scale, leading to a decline in government orders.

1972

Carlisle launched its first corporate branding campaign in 1972

Net sales in 1972 exceeded $100 million for the first time.

1975

A recession began in the United States which lasted until 1975.

1978

Carlisle’s synthetic rubber roofing product, Sure-Seal, rapidly grew in sales from 1978 and quickly became one of the company’s most important products.

1979

Capital expenditures in 1979 were also a record $24 million, a large percentage of which was spent on expansion of capacity to produce Sure- Seal roofing systems.

1980

For years, Carlisle had tried to compete with the big rubber companies for the automobile tire market, but in 1980, a new strategy began to pay off for the company.

During this time, Carlisle was also very successful in the rubber roof market, which accounted for most of the company's earnings and brought in 43 percent of its profits for 1980.

1980 The company adopts a new strategy to focus on the replacement market and specialty parts.

By the end of the decade, homeownership in the United States had risen to 65% from 55% two decades before. As a result, Carlisle’s roofing business grew from $77 million at the start of 1980 to $175 million in net sales by the end of the decade.

1985

Carlisle's strength in its market niches earned it a place among the Fortune 500 companies in 1985 with sales of $527 million.

1986

Carlisle Companies is Formed in 1986

1986 Carlisle Companies Inc. is incorporated as a holding company.

1987

The stock market crash on October 19th, 1987, did not significantly affect Carlisle’s 1987 net sales, which ended at a record $543 million.

1988

In 1988, Carlisle bought Ivan software, a developer of utility software, while selling its International Wire Products Company.

1989

Carlisle finished 1989 with $553 million in net sales with EBIT margin of 8%.

1990

In 1990, Carlisle became one of only 170 United States companies to form joint ventures with the Soviet Union.

As part of its plan to grow 15 to 20 percent yearly, in 1990 Carlisle purchased Brookpark Plastics Inc. of Lake City, Pennsylvania, and Off-Highway Braking Systems, a division of BF Goodrich Aerospace based in Bloomington, Indiana.

Carlisle already had plastic foodware production facilities in Oklahoma and Pennsylvania, and SiLite, with sales of $37 million in 1990, was a welcome addition.

1990 Carlisle becomes one of only 170 United States companies to form joint ventures with the Soviet Union.

1991

In September 1991, Carlisle purchased SiLite Corporation, a maker of reusable mugs, cups, and dishes for restaurants and cafeterias, with manufacturing facilities in California, Illinois, and Wisconsin.

Due to the effects of recession on the automobile and truck industries, Carlisle's profits fell substantially in 1991, due to a decline in sales of its plastic parts for interior and exterior trim, as well as brake components for the heavy trucking industry.

1992

Carlisle Memory Products group, which manufactured and marketed cartridges for backing up main memory tapes of small and mid-sized computer systems, was sold to Verbatim Corporation in 1992.

1993

In 1993, Goodyear sold its roofing products business to Carlisle Companies Inc., strengthening Carlisle's position as the number one supplier of nonresidential roofs.

1993 Goodyear sells its roofing products business to Carlisle.

1994

Carlisle Executive Leadership laid out a plan to grow the business to $1 billion by 1994 with a new emphasis on international sales.

1996

In 1996, the company acquired five companies and secured record sales and earnings.

1999

1999 Johnson Truck Bodies is acquired.

2000

CarlisleIT developed the first arc track-resistant airframe wire and called it Tufflite 2000.

2002

MiraDri, a waterproofing firm specializing in commercial and residential applications, was Carlisle's single acquisition during 2002.

2003

Net income rose even higher in 2003, reaching $88.9 million.

Flo-Pac, a manufacturer of brooms, brushes, and cleaning tools, was purchased in 2003.

2004

Trintex Corp., North America's leading manufacturer of semi-pneumatic tire and wheels for lawn and garden and industrial markets, was added to Carlisle's holdings in 2004.

2005

Zhejiang Kete and ArvinMeritor were purchased in 2005.

2005 The company sells Carlisle Engineered Products.

2006

2006 Carlisle Process Systems is sold.

2008

About this time, Pharis acquired the Molded Materials Company, a brake lining business in Ridgway, Pennsylvania, which would later become part of Carlisle Brake & Friction in 2008.

Carlisle acquired Tensolite Insulated Wire Company Incorporated of Tarrytown, New York, which would become Carlisle Interconnect Technologies in 2008.

Launched in 2008, COS drives Carlisle’s core philosophy of continuous improvement

Since 2008, Carlisle had doubled sales, increased EBIT margin by over 600 basis points, invested over $700 million in capital expenditures and accumulated over $150 million in savings from COS.

2015

Rotary Lift Company was later sold and became the present-day Dover Corporation with 2015 sales of $6.9 billion and traded under the symbol “DOV.”

In 2015 Carlisle invested in a new platform, acquiring Finishing Brands Holdings Inc. for $590 million funded all in cash.

2016

In 2016, the Board of Directors voted to move the corporate headquarters to Scottsdale, Arizona.

Founded
1917
Company Founded
Headquarters
Scottsdale, AZ
Company Headquarter

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