Harris Williams & Co. Advises Hawk Corporation in its Sale to Strategic Buyer Carlisle Companies, Inc. for $50 Per Share in a $413 Million Transaction

December 6, 2010

Harris Williams & Co. announces that Hawk Corporation (Hawk; NYSE Amex: HWK), a leading worldwide supplier of off-highway friction products for brakes, clutches and transmissions, has been acquired by Carlisle Companies, Inc. (Carlisle; NYSE: CSL) for $50.00 per share in an all-cash transaction, representing an equity value of approximately $413 million. Hawk was advised by a Harris Williams & Co. team led by Hiter Harris and Patrick McNulty from the firm's Richmond office and Bill Roman, Jay Hernandez and Matt Volinsky from the firm's Boston office.

"Hawk's highly engineered friction products play a critical role in overall vehicle and system performance. The company has created a strong competitive advantage that has resulted in significant and longstanding supply relationships with many of its blue-chip customers. We believe the company has found an excellent strategic partner in Carlisle as it continues to pursue its many attractive growth initiatives," said Hiter Harris, managing director and co-founder of Harris Williams & Co.

Hawk is a leading supplier of friction products for brakes, clutches and transmissions used in airplanes, trucks, construction and mining equipment, farm equipment, and recreational and performance automotive vehicles.

Carlisle is a diversified global manufacturing company serving the construction materials, commercial roofing, specialty tire and wheel, power transmission, heavy-duty brake and friction, foodservice, aerospace, and test and measurement industries.