01.01.04
Location: Manchester, CT
Sales: $98 MILLION
Description: Key Personnel
W. Leslie Duffy, chairman of the board, David Freeman, president and CEO; Christopher Skomorowski, executive vide president and COO
Plants
Rochester, NY; Saint Rivalain, France; Winston-Salem, NC; Hamptonville, NC, Columbus, OH; St. Johnsbury, VT; Green Island, NY; Ossipee, NH; Heinerzhagen, Germany
Major Markets
Heat management solutions, air and liquid filtration, medical devices, flame barriers, electrical insulation
Brand Names
Lytherm, Manniglass, Manniweb, Affinity, Zero Clearance, dbLyte, Lydair, Actipure, Technomat
Sales at Lydall Inc. were positively impacted by increases in air and liquid filtration products; strength in passive insulation products and other new products and markets entered by the Manchester, CT-based company. Negative effects included declining sales in traditional blood filtration media.
Lydall continues to operate much of its business through two core areas Filtration/Separation and Thermal/Acoustical. Filtration/Separation has been boosted by growth in liquid as well as the introduction of new synthetic air and liquid filtration products; Thermal/Acoustical growth has been driven by a strategic focus on the appliance market.
In 2003, Lydall, which once operated through a series of subsidiaries, streamlined into one company referred to as One Lydall. “We are opening lines of communication and look forward to expanding opportunities for growth,” said David Freeman, president and CEO. “We formed two councils, a marketing council and a manufacturing council, operating across all of our businesses. These councils are charged with improving our sales and marketing endeavors.”
Because new products have always driven Lydall’s growth, the company increased its research and development spending 13% last year to support an extensive roster of programs. While commercialization was hampered by customer delays and market circumstances, these new products are expected to begin contributing to the bottom line by the end of 2004.
Turning toward the global picture, Lydall operates a production facility in France as well as sales offices throughout Europe and Asia. This strong network will help fuel Lydall’s growth in the future. Other growth efforts include the consolidation of its domestic automotives business and leveraging of resources. “Long term, our goal remains to sustain double-digit growth at optimum margins and we believe the efforts we have underway and the streamlining of our organization will enable us to accomplish this goal,” said Christopher Skomorowski, executive vice president and COO.
Sales: $98 MILLION
Description: Key Personnel
W. Leslie Duffy, chairman of the board, David Freeman, president and CEO; Christopher Skomorowski, executive vide president and COO
Plants
Rochester, NY; Saint Rivalain, France; Winston-Salem, NC; Hamptonville, NC, Columbus, OH; St. Johnsbury, VT; Green Island, NY; Ossipee, NH; Heinerzhagen, Germany
Major Markets
Heat management solutions, air and liquid filtration, medical devices, flame barriers, electrical insulation
Brand Names
Lytherm, Manniglass, Manniweb, Affinity, Zero Clearance, dbLyte, Lydair, Actipure, Technomat
Sales at Lydall Inc. were positively impacted by increases in air and liquid filtration products; strength in passive insulation products and other new products and markets entered by the Manchester, CT-based company. Negative effects included declining sales in traditional blood filtration media.
Lydall continues to operate much of its business through two core areas Filtration/Separation and Thermal/Acoustical. Filtration/Separation has been boosted by growth in liquid as well as the introduction of new synthetic air and liquid filtration products; Thermal/Acoustical growth has been driven by a strategic focus on the appliance market.
In 2003, Lydall, which once operated through a series of subsidiaries, streamlined into one company referred to as One Lydall. “We are opening lines of communication and look forward to expanding opportunities for growth,” said David Freeman, president and CEO. “We formed two councils, a marketing council and a manufacturing council, operating across all of our businesses. These councils are charged with improving our sales and marketing endeavors.”
Because new products have always driven Lydall’s growth, the company increased its research and development spending 13% last year to support an extensive roster of programs. While commercialization was hampered by customer delays and market circumstances, these new products are expected to begin contributing to the bottom line by the end of 2004.
Turning toward the global picture, Lydall operates a production facility in France as well as sales offices throughout Europe and Asia. This strong network will help fuel Lydall’s growth in the future. Other growth efforts include the consolidation of its domestic automotives business and leveraging of resources. “Long term, our goal remains to sustain double-digit growth at optimum margins and we believe the efforts we have underway and the streamlining of our organization will enable us to accomplish this goal,” said Christopher Skomorowski, executive vice president and COO.