Lydall Inc., through its wholly owned subsidiary Texel Technical Materials Inc. (“Lydall”), announced today that it completed the sale of Texel Geosol Inc. (“Geosol”) on May 9, 2019, to FC Géosynthétiques Inc. (“FC”). Geosol installs geosynthetic products in the civil engineering and environmental protection sectors, principally within the province of Quebec, Canada.
“The divestiture of Geosol follows Lydall’s strategy to focus on our core technologies and capabilities that improve our effectiveness and positioning as a specialty materials provider,” said Dale G. Barnhart, president and CEO of Lydall Inc.
“We have found the ideal purchaser that shares our passion for this business and its people,” said Joe Abbruzzi, president of Lydall’s Technical Nonwovens segment. “FC’s deep expertise in geosynthetics installation and their local market knowledge positions them well as the new owner of Geosol. Additionally, Texel’s continued supply of geosynthetic materials to FC ensures end customers will maintain access to high-quality products and service,”
Texel Technical Materials Inc. is a wholly owned subsidiary of Lydall Inc., headquartered in Manchester, Conn., with global manufacturing operations producing specialty engineered products for the thermal/acoustical and filtration/separation markets.