NewswireToday - /newswire/ -
Scottsdale, AZ, United States, 2019/05/17 - Carlisle Fluid Technologies, Inc. (“CFT”) a global leader in applied finishing solutions, announced today that it has acquired Shinhang Inc. (Shinhang) - Carlisle.com. NYSE: CSL
Shinhang, based out of Ansan-si, Gyeonggi Province, Korea, is a privately held producer of sealing and painting equipment and systems for the automotive and general industrial markets. The company is acclaimed for advanced technology and rigorous R&D through their Shinhang Institute of Technology.
“We are very excited to connect Shinhang’s capabilities to CFT’s portfolio,” said Shelley Bausch, president, Carlisle Fluid Technologies. “Not only does this extend our capabilities to serve our Korean customers, it also brings a complementary product offering that will help us expand into growing new markets that are a critical part of our vision. I am very pleased to welcome the employees of Shinhang to the CFT team.”
Shinhang offers expertise and technical diversity in sealing systems, pumps, spray guns, combination units, and paint circulation systems. They are well-known for providing holistic solutions and excellent service to their customers and end markets.
“Shinhang represents another great step forward in the development of our sealants and adhesives portfolio,” said James Stephenson, vice president, Global Business Development at CFT. “Together with the recently announced addition of Integrated Dispense Solutions, and in combination with our legacy products, we are now in a better position to help solve our customers’ sealant and adhesives application challenges.”
About Carlisle Fluid Technologies
Carlisle Fluid Technologies (carlisleft.com), a division of Carlisle Companies, Inc (carlisle.com) is a global leader in material application products and technologies providing forward-thinking, innovative solutions to a variety of industry needs. From simple finishing requirements to highly automated production installations, Carlisle Fluid Technologies combines innovative spray finishing, powder coating, fluid handling, curing, and integrated control packages with decades of technical expertise to deliver efficient, cost-effective solutions for the transportation, industrial, and auto refinish markets.