Carlisle Buys Connector Maker Jerrik

Diversified manufacturer said Friday it acquired Jerrik Inc. to expand its products and capabilities for specialized connectors used in defense electronics and avionics.

Sep 18th, 2009

CHARLOTTE, N.C. (AP) -- Diversified manufacturer Carlisle Companies Inc. said Friday it acquired Jerrik Inc. to expand its products and capabilities to meet demand for specialized connectors used in defense electronics and avionics.

Terms of the deal were not disclosed.

"The addition of Jerrik will expand the range of products and capabilities of Carlisle Interconnect Technologies," said David Roberts, Carlisle's Chairman, President and CEO. "Jerrik will enhance our presence on mission critical military programs and strengthen our leading range of high-end interconnect solutions."

Jerrik, based in Tempe, Ariz., is a maker of highly engineered military and aerospace filter connectors. It had annual sales of $20 million.

Shares of Carlisle fell a penny to $33.82 in midday trading.

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