Carlisle Companies Incorporated (CCI) announced that it has completed its $2 billion sale of its Carlisle Interconnect Technologies (CIT) unit to Amphenol Corporation, ending its direct activity in the wire and cable field.

A press release said that the sale of CIT “aligns with our Vision 2030 strategy and represents a significant milestone in our strategic pivot from a diversified industrial portfolio of businesses to a premier pure play building products company.”

Per the Carlisle website, the business started operations in Tarrytown, New York in 1940 as Tensolite, a name that it said stood for the finest in miniature insulated wire and cable. The first insulated wire product produced by the company was used to electrically heat the gloves and flight suits of World War II Air Force pilots. In 1959, Carlisle Interconnect Technologies (then Tensolite) became part of Carlisle Companies Incorporated, which will focus on innovative building envelope products and solutions for more energy efficient buildings