SYRACUSE, N.Y.—Carlisle Cos. Inc. plans to establish a European production base through a 50-50 joint venture with Lander Plastics Ltd. of Birmingham, England.
Lander injection molds windshield wiper parts, seating components and other automotive parts for Ford and other European automakers, said Nick Houghton, Lander Plastics' director. Carlisle's only current European operation is a distribution facility in the Netherlands, said Robert Ryan, Syracuse-based Carlisle's vice president, treasurer and chief financial officer.
Carlisle announced Nov. 20 it signed a letter of intent for the venture, which it hopes to finalize in December. Officials did not disclose terms. The venture will be called Lander-Carlisle Ltd. and will report to Carlisle Engineered Products, which runs Carlisle's auto and transportation parts businesses. About a year ago Carlisle boosted its auto parts molding business when it bought Johnson Controls Inc.'s Engineered Plastics Division.
Carlisle's sales for six months ended June 30 were $625 million. It reported 1996 injection molding sales of $50 million, which includes two months' sales of the JCI unit. Lander's annual sales are about £6 million (US$10.2 million).