Breaking News

Lydall Sells Electrical Paper Products Line

July 1, 2010

Will continue to contract manufacture line for two years.

Lydall, Inc. has sold its electrical papers product line targeted for the transformer industry, and has licensed certain related manufacturing technologies, to Weidmann Electrical Technology, Inc. As part of the transaction, Lydall will continue to produce these electrical papers in its Green Island, NY, facility as a contract manufacturer for up to two years, and has committed to a license of know-how and a non-compete agreement in the electrical transformer industry. Lydall plans to use a portion of the proceeds of this transaction to upgrade certain equipment at its Green Island facility to enable production of higher value products.

"This transaction supports Lydall's strategic initiatives to transition production away from legacy commodity products and toward high value filtration and Life Sciences applications. By divesting this product line and licensing the related technology, Lydall monetized a non-core product line and created a two-year revenue stream under the contract manufacturing agreement. After the contract manufacturing agreement expires, Lydall plans to convert the dedicated machinery and equipment to the production of higher value products," said Dale Barnhart, CEO of Lydall, Inc.

  • Raw Materials Round Up

    Raw Materials Round Up

    Karen McIntyre, editor||June 8, 2015
    Suppliers create additives, preservatives and other specialties to help nonwovens makers meet their goals.

  • Keeping It Clean

    Keeping It Clean

    Tara Olivo, associate editor||June 8, 2015
    Convenience and continued innovation keeps the household wipes market thriving.

  • Fibers Market Outlook

    Fibers Market Outlook

    Tara Olivo, associate editor||June 8, 2015
    Natural and synthetic fiber producers create unique solutions for all nonwovens applications.