SYRACUSE, N.Y.—Carlisle Tire & Wheel Co. has sold its Surfacing Products Division to an undisclosed private company to better focus on its core production. But the firm won't disclose who the buyer is. The divestiture, completed Jan. 4, was an ``ancillary activity'' for Carlisle Tire & Wheel's parent, Carlisle Companies Inc., based on the size of the surfacing products business, said Robert J. Ryan Jr., company treasurer and CFO.
The division, which made up 1 percent to 2 percent of Carlisle Tire & Wheel's sales, manufactured and sold bonded rubber crumb surfacing goods for use on playgrounds, sports flooring and golf club walkways.
Carlisle Tire & Wheel primarily produces small specialty tires and wheels, a business that ``continues to grow at record levels,'' said Rick McKinnish, the subsidiary's president. It makes bias-ply tires and tire-and-wheel assemblies for lawn and garden equipment, golf carts, recreational vehicles and small utility trailers for the original equipment and replacement markets, the company said.
There are no plans to expand any product lines as a result of the Surfacing Products Division sale, Mr. Ryan said.