CHARLOTTE, N.C. (Feb. 4, 2005) — Carlisle Tire & Wheel Co.'s sales grew 19 percent last year, on both organic growth and the positive effects of the acquisition of specialty lawn and garden tire and wheel maker Trintex in August.
Carlisle Cos. Inc. does not break out Carlisle Tire's sales separately, but the firm's Industrial Components division—which includes Carlisle Tire—reported sales of $622.4 million and operating earnings of $61.1 million.
Based on reliable estimates, the unit's tire sales would be in the range of $300 million. Increased sales were particularly noticeable in commercial and consumer power equipment lawn care products and ATV tires and wheels, Carlisle said.
The acquisition of Bowden, Ga.-based Trintex is expected to add more than $30 million in annual sales to Carlisle Tire's ledger and will provide new sales avenues for the company. Carlisle described Trintex as North America's leading manufacturer of semi-pneumatic tires and wheels for the lawn and garden and industrial markets.