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CentroMotion Completes Acquisition Of Carlisle Brake & Friction
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Carlisle Companies Incorporated (NYSE:CSL) - Carlisle Companies: Q2 Earnings Insights
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/Friction Products and Materials Market Size, Share and Trends Analysis by 2025 | by Product, Business & Application
Friction Products and Materials Market Size, Share and Trends Analysis by 2025 | by Product, Business & Application
tusharJuly 20, 2021
According to a new report published by Allied Market Research, titled,
“Friction products and materials market by Product Type, End-Use Industry, and Application: Global Opportunity Analysis and Industry Forecast, 2018 – 2025,” the friction products and materials market size accounted for $17,046 million in 2017, and is expected to reach $24,533 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025.
Friction materials are utilized to induce friction in situations where slow movement is necessary. A friction material retrains the relative motion, when a solid object comes into contact with a diverging surface that opposes an object’s direction of movement. In other words, friction can be used anywhere. For e.g. simp
Carlisle Companies CSL Stock Price, News, Charts
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WAUKESHA, Wis. CentroMotion, a leading designer and manufacturer of highly engineered components and systems for the industrial and transportation markets, announced it has entered into an agreement to acquire Carlisle Brake & Friction (CBF), the largest global manufacturer of friction materials and mechatronic solutions for off highway brake and transmission products, from Carlisle Companies Incorporated (NYSE: CSL).
CBF will join CentroMotion’s growing portfolio of global brands, currently comprised of CrossControl, Elliott Manufacturing, Gits Manufacturing, maximatecc, Power-Packer and Weasler Engineering.
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CentroMotion is headquartered in Waukesha, Wisconsin with approximately 2,000 employees serving customers across 50 countries. Founded in 1920, CBF is headquartered in Medina, Ohio with approximately 1,350 employees serving customers across 70 countries. Since 2019, CentroMotion has been owned by an affiliate of One Rock Capital Partners, LLC (“One Rock”