Plasti-Fab, a Calgary-based company known for its insulation products, has been acquired by Carlisle Companies, a supplier of energy-efficient building solutions. This acquisition, valued at $259.5 million in cash, is part of Carlisle’s strategy to enhance its building envelope product portfolio.
With eight manufacturing facilities across Canada and the U.S., Plasti-Fab provides clients in the commercial, residential and infrastructure construction markets with expanded polystyrene insulation, or EPS, solutions. Following the acquisition, Plasti-Fab’s management team will help support Carlisle Weatherproofing Technologies’ growth strategy.
The acquisition will enhance Carlisle’s Insulfoam EPS business by providing integrated polystyrene capabilities, supporting growth in retail channels and filling geographic gaps in the U.S. and Canada. The deal is expected to be finalized in the fourth quarter of 2024, subject to standard closing conditions.