Unifrax to acquire Lydall for $1.3 billion

Unifrax, backed by Clearlake Capital, has signed a definitive agreement to acquire Lydall for $62.10 per share, implying a total enterprise value of approximately $1.3 billion. The acquisition creates a global specialty materials platform focused on battery materials, filtration, and energy-saving technologies.

“The combination of Unifrax and Lydall creates a global specialty materials platform with new cutting edge technologies in advanced filtration, electric vehicle battery systems, and energy saving applications.”sec.gov

• 5 sources
• sec.govJun 21, 2021
• nonwovens-industry.comUnifrax to Acquire Lydall - Nonwovens IndustrySaveJun 21, 2021
• globenewswire.comClearlake Capital-Backed Unifrax to Acquire Lydall, Inc.Lydall, Inc.Jun 21, 2021
• filtsep.comUnifrax to acquire Lydall in US$1.3 billion deal - Filtration and SeparationNewsJun 23, 2021
• innovationintextiles.comLydall to be acquired by UnifraxJun 28, 2021

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