LDL - Lydall Diversifies With Deal To Acquire Interface Performance Materials
Quick Take
Lydall (LDL) announced it has agreed to acquire Interface Performance Materials for $265 million.
Interface Performance Materials [IPM] provides a wide range of sealing solutions with a comprehensive product portfolio and vertical integration.
LDL will gain exposure to new markets as management continues its strategy of diversifying away from the automotive market.
Target Company
Lancaster, Pennsylvania-based IPM was founded in 1911 to manufacture and supply advanced materials, sealing solutions, thermal management systems, and specialty products to customers worldwide for a range of applications across the heavy-duty diesel, automotive, small engine, industrial