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Article: Carlisle Acquires Remaining Interest in Japan Power Brake, Inc., a Leading Manufacturer of Braking Solutions for Off-Highway Equipment.
- Article from:
- China Weekly News
- Article date:
- October 13, 2009
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Carlisle Companies Incorporated (NYSE:CSL) announced that it has acquired from its joint venture partner, The Yokohama Rubber Company, Ltd., the remaining interest in Japan Power Brake, Inc. (JPB) of Atsugi, Japan. With annual sales of approximately $10 million, JPB is a leading provider of high performance braking solutions for off-highway equipment, primarily in the mining and construction industries in Japan. JPB's products include dry disc brake assemblies, hydraulic components and associated friction parts sold primarily to global heavy duty construction equipment manufacturers. The company also has a significant aftermarket customer base. Carlisle Industrial Brake & ...