Carlisle Acquires Dinex International, A Leading Provider Of Foodservice Products To The Healthcare Industry

Charlotte, NC - Carlisle Companies Incorporated announced recently that it has acquired Dinex International, Inc., a leading supplier of foodservice products to the healthcare and other institutional industries. With annual sales of approximately $85M, Dinex supplies traytop smallwares, dishware, disposable lids and packaging as well as heating and meal delivery systems. The company has facilities in Glastonbury, Connecticut and Batavia, Illinois. The business will operate within Carlisle FoodService Products.

Dinex distributes its products through a well-established network of foodservice distributors servicing the healthcare sector, including hospitals, nursing homes and other care and assisted living facilities. The company has a strong industry position and a substantial installed base upon which a reliable flow of recurring product sales is generated.

This acquisition complements Carlisle's core foodservice product categories and supports its growth initiatives in the healthcare, educational, corrections and other institutional foodservice markets. The purchase of Dinex will also allow Carlisle FoodService Products to leverage its product and manufacturing capabilities into Dinex's established sectors.

David A. Roberts, Carlisle's Chairman, President and CEO, said, "Dinex is an excellent strategic addition to our foodservice business firmly positioning us in the higher growth healthcare sector. Dinex's excellent reputation and brand equity, coupled with Carlisle's leading position in commercial foodservice supplies, creates a strong platform for growth and profitability. We are very pleased to welcome Dinex and its talented people to Carlisle."

SOURCE: Carlisle Companies Incorporated