◂ Announcements

Dec 31, 2016ACQUISITIONQuebec, Canada; Fulda, Germany, Canada

Lydall acquires Texel and Gutsche

Lydall Inc. acquired Texel (Quebec, Canada) for $96 million in July 2016 and Gutsche (Fulda, Germany) for $58 million, finalized at the end of December 2016, expanding its needlepunch nonwovens business.

Value

$154.0M

Status

Completed

Productsneedlepunch nonwovens

CompaniesLydall acquirer Gutsche target Texel target

Sectors#Industrial Textiles

“Lydall, which recently grew through acquisition in the needlepunch market last year with the purchases of Texel... and Gutsche...”nonwovens-industry.com

1 source
nonwovens-industry.comNeedlepunch Nonwovens Report - Nonwovens IndustrySaveFeb 2, 2017

Summarized from public sources; check the original articles before acting on it.

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Lydall acquires Texel and Gutsche · Endata