CTP Transportation Products LLC has announced that it has acquired two former Carlisle Transportation facilities in Kansas. The company has purchased a manufacturing facility in Fort Scott and a warehouse in Edwardsville. CTP anticipates investing several million dollars in the next five years in Kansas.
“CTP Transportation Products is looking forward to growing in Kansas,” said Barry Webb, chief financial officer of CTP. “Kansas provides us a business environment that allows us to grow and be competitive in the market.”
“Kansas has a diverse economy that is experiencing solid growth across many industries,” Kansas Commerce Secretary Pat George said. “Distribution and manufacturing are two areas of particular strength, and CTP Transportation Products investment in Kansas will enhance those sectors and contribute to their continued growth.”
CTP manufactures various types of belts, including heavy duty industrial v-belts, synchronous belts, light duty v-belts, banded belts and specialty belts in the Fort Scott facility. The Edwardsville facility acts as the warehouse for the distribution of belts and tires.
“Carlisle has been a valuable asset to Fort Scott and an excellent corporate citizen,” said Heather Griffith, Fort Scott director of economic development. “The local management team and employees contribute significantly to our community. We appreciate CTP’s recognition of Fort Scott as a prime location to grow their operation and are excited to welcome and work with them on their continued success.”
“We are excited that CTP Transportation Products has chosen to invest in Wyandotte County, particularly Edwardsville,” said Jay Matlack, business retention and expansion director for the Wyandotte Economic Development Council. “This acquisition, we believe, indicates strength in the economy and we look forward to working with CTP and opportunities for growth in the future.”