Carlisle expects to record a gain on the sale of Trail King, which had $69 million in year-to-date sales through the third quarter of 2010.
"While Trail King was experiencing sales growth and earnings improvement in 2010 over the prior year period, its end market and business cycle was not suited to our growth platform," said David A. Roberts, chairman, president and CEO.
Trail King manufactures open deck, materials hauling, construction and specialized trailers.
CC Industries is buying Trail King. With operations in Mitchell, S.D., and West Fargo, N.D., Trail King will operate as a stand-alone entity. Carol Lowe will continue in her role as the company's president.
Headquartered in Chicago, CC Industries operates under the umbrella of Henry Crown & Company and is the holding and management company for the Crown family's privately held operating companies, including Crown Community Development; Great Dane Trailers; Provisur Technologies; and Gillig Corporation.