Carlisle Construction Materials Acquires Drexel Metals
Carlisle Construction Materials (CCM) announced its acquisition of Drexel Metals, Inc. of Louisville, Ky. Drexel is a leader in the architectural metal roofing segment serving both residential and commercial customers from its regional facilities in PA, KY, FL, CO, and MD.
Drexel’s primary business model of on-site roll forming of metal panels is complemented by its ability to also provide custom trim and cornice fabrication, edge metal, and a wide range of underlayment and insulation products.
Drexel’s senior management team will be staying on and working with CCM to greatly expand the brand’s presence in the architectural metal roofing segment. “Drexel Metals is excited about being part of the CCM family of products and what this new structure will mean for its customers and employees. Carlisle’s strong management team and resources bring an unprecedented level of support and add impetus to Drexel Metals’ growth strategy,” commented Brian Partyka, President of Drexel Metals.
CCM CEO John Altmeyer commented, “Drexel Metals represents an outstanding opportunity for CCM to expand its roofing presence beyond its traditional low-slope, single-ply segment. The fragmented nature of the metal roofing business allows for both greenfield and acquisition growth opportunities that the experienced team at Drexel will be encouraged to pursue.”