Lydall Acquires Precision Filtration
July 17 2018 - 1:00PM
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 http://www.lydall.com.
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
info@lydall.com
www.lydall.com
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