Creëert wereldwijd toonaangevend platform voor speciale materialen, gericht op innovatieve batterijmaterialen, filtratieoplossingen en energiebesparende technologieën

TONAWANDA, NY & MANCHESTER, Conn.–(BUSINESS WIRE)– Unifrax, een toonaangevende wereldwijde leverancier van hoogwaardige speciale materialen gericht op thermisch beheer, speciale filtratie, batterijmaterialen, emissiebeheersing en brandbeveiligingstoepassingen, ondersteund door Clearlake Capital Group, LP (samen met zijn dochterondernemingen, “Clearlake”), heeft vandaag de voltooiing aangekondigd van de eerder aangekondigde overname van Lydall, Inc. (NYSE: LDL, “Lydall” of het “Bedrijf”), een leider in het ontwerp en de productie van speciale filtratie materialen en geavanceerde materiaaloplossingen. Het gecombineerde bedrijf zal worden geleid door John Dandolph als President en Chief Executive Officer.

“De overgang naar een groenere, schonere en veiligere wereld is de uitdaging van ons leven”, zei dhr. Dandolph. “De combinatie Unifrax-Lydall creëert een uniek platform voor speciale materialen dat in staat is om een transformatieve impact te genereren in de ruimtes waar we allemaal om geven, zoals het verminderen van fossiele brandstoffen, verbeterde energieopslag en schonere lucht. Met ons uitgebreide portfolio en bijna verdubbelde wereldwijde voetafdruk, zijn we klaar om nog meer geavanceerde, marktleidende producten en innovatie te leveren aan klanten over de hele wereld. We zijn nog maar net begonnen en we zijn enthousiast over de kansen die voor ons liggen.”

Clearlake Capital-Backed Unifrax Completes Acquisition of Lydall

Creates Market Leading Global Specialty Materials Platform Focused On Innovative Battery Materials, Filtration Solutions, and Energy Saving Technologies

TONAWANDA, N.Y & MANCHESTER, Conn.–(BUSINESS WIRE)– Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced the completion of its previously announced acquisition of Lydall, Inc. (NYSE: LDL, “Lydall” or the “Company”), a leader in the design and production of specialty filtration materials and advanced material solutions. The combined company will be led by John Dandolph as President and Chief Executive Officer.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211008005292/en/

“The transition to a Greener, Cleaner, and Safer^® world is the challenge of our lifetime,” said Mr. Dandolph. “The Unifrax-Lydall combination creates a one-of-a-kind specialty materials platform capable of driving transformative impact in the spaces we all care about, areas including fossil fuel reduction, improved energy storage, and cleaner air. With our expanded portfolio and nearly doubled global footprint, we are poised to deliver even more cutting-edge, market-leading products and innovation to customers around the world. We’re just getting started, and we’re excited about the opportunities ahead.”

“We’re proud to support a company that is dedicated to developing solutions for a cleaner, more sustainable society,” said José E. Feliciano, Co-Founder and Managing Partner at Clearlake, and Colin Leonard, Partner at Clearlake, in a joint statement. “The addition of Lydall’s people, technologies, and assets to the Unifrax portfolio creates a true market leader. With the support of Clearlake’s O.P.S.^® framework, we are confident that Unifrax will continue to grow strategically both organically and through acquisitions, while shaping the future of the industry.”

About Unifrax

Unifrax is a leading global supplier of high-performance specialty materials used in thermal management, specialty filtration, battery materials, emission control and fire protection applications. Headquartered in Tonawanda, NY, Unifrax serves more than 4,000 customers through a global footprint of 31 plants operating across 12 countries. Unifrax’s portfolio of products, technologies, proprietary chemistries and processes have been developed from more than 70 years of deep application knowledge and innovation. Its products address mission critical energy efficiency, emission control, regulatory and fire safety requirements across the globe. More information is available at www.unifrax.com.

About Clearlake

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.^® The firm’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $43 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211008005292/en/

Contacts

Media:

For Unifrax-Lydall
Kristen Weiss
Ph: +1 860-646-1233
kweiss@lydall.com

For Unifrax-Lydall
Deborah Myers
Ph: +1 716-768-6465

dmyers@unifrax.com

For Clearlake
Jennifer Hurson
Lambert & Co.

Ph: +1 845-507-0571

jhurson@lambert.com