Unifrax is a global leader in high-performance specialty fibers and inorganic materials used in high-temperature industrial, automotive, and fire protection applications.
The company is known for its high-quality products that help customers save energy, reduce pollution, and improve fire safety. Unifrax has acquired Lydall to create a global specialty materials platform.
Lydall, Inc. is a New York company headquartered in Manchester, Connecticut, with global manufacturing operations producing specialty engineered products for the thermal/acoustical and filtration/separation markets.
Under the terms of the agreement, Lydall shareholders will receive $62.10 per share in cash for each share outstanding, implying a total enterprise value of approximately .
3 billion. John Dandolph, president and CEO of Unifrax, said, “The combination of Unifrax and Lydall creates a global specialty materials platform with cutting-edge technologies in advanced filtration, electric vehicle battery systems, and energy-saving applications. The addition of Lydall’s people, technologies, and assets to our portfolio will help accelerate our innovation pipeline and create a world-class platform capable of solving the world’s most pressing energy consumption, environmental, and filtration challenges.”
