Carlisle Cos. Inc. has merged its Geauga Co. subsidiary with the newly acquired Engineered Plastics Division of Johnson Controls Inc. to form Carlisle Engineered Products Inc. Carlisle completed the $80 million purchase of the Engineered Plastics Division on Oct. 4, and announced the formation of CEP on Nov. 15.
``The acquisition enhances our specific design, process and technical expertise,'' said Allen Hofmann, former president of Geauga and now president of CEP.
The purchase of the JCI division, with annual sales of $130 million, nearly triples the size of the former Geauga Co., a Chardon, Ohio-based maker of rubber and plastic components primarily for the auto industry, said Robert Ryan, Carlisle's chief financial officer.
Ryan said Geauga posted about $70 million in sales for 1995, representing about 25 percent of Carlisle's Transportation Products segment which recorded $278.9 million in sales for the year. CEP now will represent about 40-50 percent of the segment, he said.
Geauga has been growing rapidly with five other acquisitions during the past five years.
The JCI division manufactures precision-molded engine parts, interior components and blow molded bumper beams for auto makers.
The Engineered Plastics Division, acquired by JCI as part of Hoover Universal Inc. in 1985, gives the Carlisle subsidiary facilities in Erie, Pa.; Plymouth and Lapeer, Mich.; and Tuscaloosa, Ala. All of the division's 900 employees will be integrated into CEP, the company said.
CEP also has plants in Belleville, Mich.; Canton, Crestline and Middlefield, Ohio; Lake City, Pa.; and Trenton, S.C.; and an automotive sales office in Bingham Farms, Mich. It will maintain its headquarters in Chardon.
