# 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.

- Type: Acquisition
- Announced: 2021-06-21
- Where: United States
- Value: $1.30B
- Status: announced
- Products: specialty filtration materials, advanced material solutions, battery materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lydall](https://endata.com/companies/4860.md) (target)
- [Clearlake Capital](https://endata.com/companies/5452.md) (investor)
- [Unifrax](https://endata.com/companies/34617.md) (acquirer)

## Sources

- [sec.gov](https://www.sec.gov/Archives/edgar/data/60977/000110465921083816/tm2120305d1_ex99-1.htm), 2021-06-21: "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."
- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/unifrax-to-acquire-lydall/), 2021-06-21: "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."
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/06/21/2250271/11536/en/clearlake-capital-backed-unifrax-to-acquire-lydall-inc-for-62-10-per-share.html), 2021-06-21: "The combination of Unifrax and Lydall creates a global specialty materials platform with new cutting edge technologies."
- [filtsep.com](https://www.filtsep.com/content/news/unifrax-to-acquire-lydall-in-us-13-billion-deal), 2021-06-23: "Unifrax has signed definitive agreements to acquire Lydall Inc, the specialty filtration materials and advanced material solutions company."
- [innovationintextiles.com](https://innovationintextiles.com/lydall-to-be-acquired-by-unifrax/), 2021-06-28: "Under the terms of the agreement, Lydall shareholders will receive $62.10 per share in cash for each share outstanding, implying a total enterprise value of approximately $1.3 billion."

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