Lydall Acquires FIltration Business from PCC
Lydall, Inc. through its wholly-owned subsidiary Lydall Performance Materials will acquire the Precision Filtration division of Precision Custom Coatings based in Totowa, NJ.
Precision Filtration is a long-time producer of high-quality, air filtration media principally serving the commercial and residential HVAC markets with MERV 7 – 11 products. The addition of these products and capabilities enables Lydall to provide its customers with a full range of air filtration media from low efficiency MERV 7 through high-performing ULPA. Additionally, this acquisition further enhances Lydall’s flexibility in manufacturing, planning and logistics for our new and existing customers. Full integration into Lydall is expected by the end of 2018.
“We are extremely excited about the acquisition of the filtration business of Precision Custom Coatings as it coincides perfectly with our strategy of continuing to grow our product offering in the filtration space with high-quality products that are valued by our customers.” says Paul Marold, president Lydall Performance Materials. “Precision Custom Coatings has developed excellent products while nurturing strong relationships with a customer base that is complementary to ours. This will lead to a seamless transition to Lydall Performance Materials.”
Lydall has been focused on investment in recent years. It most recently acquired German needlepuncher MGF Gutsche in late 2016. Previous acquisitions include Texel, a Canadian needlepuncher in July 2016, and baghouse filtration operations of Andrew Industries in 2015.
Source: (Nonwovens Industry)