Lydall Acquires Precision Filtration
MANCHESTER, Conn., July 17, 2018 (GLOBE NEWSWIRE) -- Lydall, Inc. (NYSE:LDL), through its wholly-owned subsidiary Lydall Performance Materials, Inc. (“Lydall”), announced today that it has acquired the Precision Filtration division of Precision Custom Coatings based in Totowa, NJ.
Precision Filtration is a long-time producer of high-quality, air filtration media principally serving the commercial and residential HVAC markets with MERV 7 – 11 products. The addition of these products and capabilities enables Lydall to provide its customers with a full range of air filtration media from low efficiency MERV 7 through high-performing ULPA. Additionally, this acquisition further enhances Lydall’s flexibility in manufacturing, planning and logistics for our new and existing customers. Full integration into Lydall is expected by the end of 2018.
Paul A. Marold, President, Lydall Performance Materials said, “We are extremely excited about the acquisition of the filtration business of Precision Custom Coatings as it coincides perfectly with our strategy of continuing to grow our product offering in the filtration space with high-quality products that are valued by our customers.” Marold added, “Precision Custom Coatings has developed excellent products while nurturing strong relationships with a customer base that is complementary to ours. This will lead to a seamless transition to Lydall Performance Materials.”
About Lydall
Lydall Performance Materials, Inc. is a wholly-owned subsidiary of Lydall, Inc. (NYSE:LDL), a New York Stock Exchange listed company, headquartered in Manchester, Connecticut with global manufacturing operations producing specialty engineered products for the thermal/acoustical and filtration/separation markets. For more information, visit Lydall® is a registered trademark of Lydall, Inc. in the U.S. and other countries.
For further information: Brendan Moynihan Vice President, Financial Planning and Investor Relations Telephone 860-646-1233 Facsimile 860-646-4917
