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Lydall Exhibits at Techtextil
Newly acquired Gutsche also present
At Techtextil, Lydall was exhibiting with its newly acquired company, MGF Gutsche, a maker of needlepunch nonwovens. Lydall acquired the Germany-based Gutsche in December 2016 for $58 million. The transaction positions Lydall as a global leader in needlepunch nonwoven filtration solutions and strengthens the company’s position as a premier provider of engineered technical materials. The acquisition expands the company’s filtration and engineered materials product offerings into attractive adjacencies and diversifies the company's geographic revenue base.
Gutsche is a leading producer of nonwoven needlepunch materials serving the industrial filtration and high performance nonwoven segments. The business consists of operations in Germany and China. The Gutsche businesses has been integrated into Lydall’s Technical Nonwovens segment. In addition to growing its presence in existing filtration markets, the addition of Gutsche, has given Lydall as strong position in the fast growing waste-to-energy incineration market.