“The divestiture of Affinity is clearly in line with our efforts to transform Lydall into a more focused organisation,” said Dale Barnhart, CEO and president of Lydall.
“With our strong balance sheet, new credit facility and the proceeds from this sale, Lydall is very well positioned to pursue its organic growth initiatives as well as potential acquisitions,” Barnhart added.
Lydall is now focused on specialty engineered products for the thermal/acoustical and filtration/separation markets.
