Gutsche

Gutsche, a subsidiary of Lydall Inc., inaugurated a new 1,200-square-meter production hall at its Fulda site for a new product line of technical nonwovens. The expansion cost €1.3 million.

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.

Lydall, Inc. has agreed to acquire MGF Gutsche GmbH & Co. KG for approximately $58 million in cash, expanding its filtration product offerings and geographic reach.