An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Unifrax has successfully acquired Lydall (NYSE: LDL), creating a leading global specialty materials platform focused on innovative battery materials, filtration solutions, and energy-saving technologies. This merger positions the combined company to significantly enhance product offerings in fossil fuel reduction, energy storage, and air quality. The strategic integration aims to leverage Clearlake Capital's operational expertise for growth through both organic initiatives and further acquisitions.
Positive
Creation of a market-leading global specialty materials platform.
Expansion of product portfolio and global footprint, nearly doubling operations.
Strategic focus on innovative battery materials and filtration solutions.
Support from Clearlake Capital for operational improvements and future growth.
Negative
None.
Creates Market Leading Global Specialty Materials Platform Focused On Innovative Battery Materials, Filtration Solutions, and Energy Saving Technologies
TONAWANDA, N.Y & MANCHESTER, Conn.--(BUSINESS WIRE)--
Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its previously announced acquisition of Lydall, Inc. (NYSE: LDL, “Lydall” or the “Company”), a leader in the design and production of specialty filtration materials and advanced material solutions. The combined company will be led by John Dandolph as President and Chief Executive Officer.
“The transition to a Greener, Cleaner, and Safer® world is the challenge of our lifetime,” said Mr. Dandolph. “The Unifrax-Lydall combination creates a one-of-a-kind specialty materials platform capable of driving transformative impact in the spaces we all care about, areas including fossil fuel reduction, improved energy storage, and cleaner air. With our expanded portfolio and nearly doubled global footprint, we are poised to deliver even more cutting-edge, market-leading products and innovation to customers around the world. We’re just getting started, and we’re excited about the opportunities ahead.”
“We’re proud to support a company that is dedicated to developing solutions for a cleaner, more sustainable society,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake, in a joint statement. “The addition of Lydall’s people, technologies, and assets to the Unifrax portfolio creates a true market leader. With the support of Clearlake’s O.P.S.® framework, we are confident that Unifrax will continue to grow strategically both organically and through acquisitions, while shaping the future of the industry.”
About Unifrax
Unifrax is a leading global supplier of high-performance specialty materials used in thermal management, specialty filtration, battery materials, emission control and fire protection applications. Headquartered in Tonawanda, NY, Unifrax serves more than 4,000 customers through a global footprint of 31 plants operating across 12 countries. Unifrax’s portfolio of products, technologies, proprietary chemistries and processes have been developed from more than 70 years of deep application knowledge and innovation. Its products address mission critical energy efficiency, emission control, regulatory and fire safety requirements across the globe. More information is available at www.unifrax.com.
About Clearlake
Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $43 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
For Clearlake
Jennifer Hurson Lambert & Co. Ph: +1 845-507-0571
jhurson@lambert.com
Source: Unifrax
FAQ
What was the purpose of Unifrax's acquisition of Lydall?
The acquisition aimed to create a leading specialty materials platform focused on innovative battery materials and filtration solutions, enhancing product offerings.
What is the expected impact of the Unifrax and Lydall merger?
The merger is expected to significantly enhance product offerings in energy storage, fossil fuel reduction, and air quality improvements.
Who is leading the combined company after the Unifrax-Lydall acquisition?
John Dandolph will serve as President and Chief Executive Officer of the combined company.
How will Clearlake Capital influence the Unifrax-Lydall partnership?
Clearlake Capital will support the merged entity's growth through its operational improvement framework and strategies for organic growth and further acquisitions.
