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Carlisle Companies Finalizes Licensing Arrangement with CRAGAR Industries, Inc.

28 December 1999

Carlisle Companies Finalizes Licensing Arrangement with CRAGAR Industries, Inc.

    SYRACUSE, N.Y.--Dec. 28, 1999--Carlisle Companies Incorporated and CRAGAR Industries, Inc. (OTC BB: CRGR) of Phoenix, Arizona, announced today that Carlisle Tire & Wheel Company has finalized its acquisition of CRAGAR's specialty steel-based wheel assets and entered into an exclusive license to produce, market and sell CRAGAR brand custom steel wheels. Terms of the transaction were not disclosed.
    Carlisle is a diversified manufacturer of products serving four major markets: construction materials, automotive components, industrial components and general industry.