Texel

Texel, a division of Lydall, announced a $12 million investment for a new production line at its Sainte-Marie, Quebec plant. The line will be operational within 12 to 14 months.

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.