Pecora Corporation announces acquisition of Carlisle Coatings
Pecora Corporation, is pleased to announce the recent acquisition of Carlisle Coatings and Waterproofing Incorporated's (CCW's) deck coating product line. The acquisition is part of Pecora Corporation's growth strategy and a continuing commitment to providing the most innovative sealants to the commercial construction market.
The transaction allows Pecora and CCW to concentrate more closely on the core competencies of both corporations. CCW, an industry leader in commercial waterproofing and air and vapor barrier solutions, has agreed to the transaction as part of their strategic focus on products and systems designed to serve the non-residential building envelope market. For Pecora, the addition of the elastomeric deck coating line adds excellent products with an outstanding reputation and an established customer base while promoting production and distribution efficiencies.
"Carlisle has been a great partner and supplier for years," says Joe Virdone, Pecora Corporation President and CEO. "This agreement provides us a better opportunity to manage our businesses. Very importantly it also establishes a platform for Pecora to broaden our offerings in this changing marketplace."
The purchase includes all brands and formulations of the deck coating product line. The products will be co-branded by Pecora and CCW for an appropriate period of time until the acquisition integration is complete and well understood in the marketplace. Until further notice all orders will continue to be processed through CCW.
This new acquisition increases Pecora Corporation's presence in the coatings market while enhancing the growth potential through expanded specification acceptance. During the transition and beyond, customers will receive the same excellent customer service and support with the deck coating products as they have come to expect with all of Pecora's product offerings.