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Lydall divests geosynthetic installation business
May 23rd, 2019
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 […]
Lydall acquires Texel
July 12th, 2016
In a press release issued last Friday, Manchester, Conn.-based Lydall Inc. announced that it has acquired Texel, a Canadian nonwoven geotextile company. The release said that Texel, a division of ADS Inc., was purchased for approximately $96 million in cash. The release stated: “The transaction strengthens Lydall’s position as an industry-leading, global provider of filtration […]