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Creates Market Main World Specialty Supplies Platform Centered On Modern Battery Supplies, Filtration Options, and Power Saving Applied sciences
TONAWANDA, N.Y & MANCHESTER, Conn. — Unifrax, a number one world supplier of high-performance specialty supplies centered on thermal administration, specialty filtration, battery supplies, emission management and hearth safety purposes backed by Clearlake Capital Group, L.P. (along with its associates, “Clearlake”), at this time introduced the completion of its beforehand introduced acquisition of Lydall, Inc. (NYSE: LDL, “Lydall” or the “Firm”), a pacesetter within the design and manufacturing of specialty filtration supplies and superior materials options. The mixed firm will probably be led by John Dandolph as President and Chief Govt Officer.
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“The transition to a Greener, Cleaner, and Safer® world is the problem of our lifetime,” mentioned Mr. Dandolph. “The Unifrax-Lydall mixture creates a one-of-a-kind specialty supplies platform able to driving transformative affect within the areas all of us care about, areas together with fossil gasoline discount, improved vitality storage, and cleaner air. With our expanded portfolio and practically doubled world footprint, we’re poised to ship much more cutting-edge, market-leading merchandise and innovation to prospects world wide. We’re simply getting began, and we’re excited in regards to the alternatives forward.”
“We’re proud to help an organization that’s devoted to growing options for a cleaner, extra sustainable society,” mentioned José E. Feliciano, Co-Founder and Managing Companion at Clearlake, and Colin Leonard, Companion at Clearlake, in a joint assertion. “The addition of Lydall’s individuals, applied sciences, and belongings to the Unifrax portfolio creates a real market chief. With the help of Clearlake’s O.P.S.® framework, we’re assured that Unifrax will proceed to develop strategically each organically and thru acquisitions, whereas shaping the way forward for the trade.”
About Unifrax
Unifrax is a number one world provider of high-performance specialty supplies utilized in thermal administration, specialty filtration, battery supplies, emission management and hearth safety purposes. Headquartered in Tonawanda, NY, Unifrax serves greater than 4,000 prospects by way of a worldwide footprint of 31 crops working throughout 12 nations. Unifrax’s portfolio of merchandise, applied sciences, proprietary chemistries and processes have been developed from greater than 70 years of deep software information and innovation. Its merchandise deal with mission essential vitality effectivity, emission management, regulatory and hearth security necessities throughout the globe. Extra data is out there at www.unifrax.com.
About Clearlake
Clearlake Capital Group, L.P. is an funding agency based in 2006 working built-in companies throughout non-public fairness, credit score and different associated methods. With a sector-focused strategy, the agency seeks to associate with skilled administration groups by offering affected person, long-term capital to dynamic companies that may profit from Clearlake’s operational enchancment strategy, O.P.S.® The agency’s core goal sectors are industrials, know-how, and client. Clearlake at the moment has over $43 billion of belongings below administration and its senior funding principals have led or co-led over 300 investments. The agency has places of work in Santa Monica and Dallas. Extra data is out there at www.clearlake.com and on Twitter @ClearlakeCap.
View supply model on businesswire.com: https://www.businesswire.com/news/home/20211008005292/en/
Contacts
Media:
For Unifrax-Lydall
Kristen Weiss
Ph: +1 860-646-1233
kweiss@lydall.com
For Unifrax-Lydall
Deborah Myers
Ph: +1 716-768-6465
dmyers@unifrax.com
For Clearlake
Jennifer Hurson
Lambert & Co.
Ph: +1 845-507-0571
jhurson@lambert.com
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