# 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.

- Type: Acquisition
- Announced: 2016-12-31
- Where: Quebec, Canada; Fulda, Germany, Canada
- Value: $154.0M
- Status: completed
- Products: needlepunch nonwovens
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Lydall](https://endata.com/companies/4860.md) (acquirer)
- [Gutsche](https://endata.com/companies/21222.md) (target)
- [Texel](https://endata.com/companies/21932.md) (target)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/needlepunch-nonwovens-report/), 2017-02-02: "Lydall, which recently grew through acquisition in the needlepunch market last year with the purchases of Texel... and Gutsche..."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.