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Carlisle Sells Unit

The Tetra Laval Group acquires the unit.



agreed to sell Carlisle Process Systems to Tetra Pak, a division of the Tetra Laval Group of Switzerland. The terms of the deal were not disclosed.

Subject to regulatory approvals, the sale is expected to close before Dec. 31.

"We are working towards the completion of Carlisle's portfolio transition and continuing to execute our strategy of focusing on high performing businesses that are achieving, maintaining and growing sustainable competitive advantages in the markets we serve," the company said.

This story was created through a joint venture between and IRIS.