10/5/2010 10:45:00 AM
Carlisle Companies said Tuesday it sold its Trail King specialty trailer business, but did not identify the buyer or sale price.
Trail King, which makes a variety of commercial trailers, had $69 million in year-to-date sales through the third quarter, Carlisle said in a statement.
â€œWhile Trail King was experiencing sales growth and earnings improvement in 2010 over the prior-year period, its end market and business cycle was not suited to our growth platform,â€� said Carlisle CEO David Roberts.
The move â€œenables Carlisle management to more fully focus on growing our core businesses and on allocating capital where it will generate the greatest return for our shareholders,â€� he said in a statement.
Carlisle is a manufacturer serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, foodservice, aerospace, and test and measurement industries.
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