CTP Transportation becomes Carlstar Group
CTP Transportation Products, a producer of specialty tires, wheels, and industrial belts, has changed its name to The Carlstar Group LLC.
The new name combines the heritage of the Carlisle brand while reflecting a renewed focus on the company’s future growth.
“The Carlisle brand has been built over a period nearing a century and will continue to be recognized as a leading brand in the specialty tire and wheel and power transmission markets,” said Kevin Forster, CEO of The Carlstar Group, who was also the CEO of CTP Transportation Products. “We are proud to now have the Carlisle brand, as well as ITP, Black Rock, Unique, Cragar, and Ultimax brands under the corporate ownership of The Carlstar Group as we enter the second century of our company.”
The corporate name conversion does not impact the company’s ownership or structure. The Carlstar Group continues to be a stand-alone company owned by American Industrial Partners (AIP), a private equity firm. While the company plans to continue its growth, there are no organizational modifications as a result of this name update.
The Carlstar Group LLC name is effective immediately. The new corporate logo and brand identity are simultaneously being launched to reflect the transition. The logo was designed to reflect the product precision, the heritage of Carlisle, and the evolution of the company.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
