by Daniel Webster, dWeb.News Publisher
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. John Dandolph will lead the combined company as President and Chief executive officer.
“The transition to a Greener, Cleaner, and Safer(r) world is the challenge of our lifetime,” said Mr. Dandolph. The Unifrax-Lydall combo creates a unique specialty materials platform that can make a significant impact in the areas we care about. This includes improved energy storage and fossil fuel reduction. We are ready to offer even more innovative products and cutting-edge market-leading solutions to our customers worldwide, thanks to our expanding portfolio and almost doubled global footprint. “We are just beginning, and we are excited about the possibilities ahead,” Jose E. Feliciano (Co-Founder and Managing Partners at Clearlake) and Colin Leonard (Partner at Clearlake), jointly stated that they were proud to support a company that is committed to creating solutions for a cleaner and more sustainable society. “The addition Lydall’s technologies, people, and assets to Unifrax creates a true market leader. With the support of Clearlake’s O.P.S. (r) framework, we are confident that Unifrax will continue to grow strategically both organically and through acquisitions, while shaping the future of the industry.”
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 meet mission-critical energy efficiency and emission control requirements around the world. More information is available at www.unifrax.com.
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. (r) 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. Clearlake has offices in Santa Monica, Dallas and New York. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
More dWeb.News Business News at https://dweb.news/news-sections/business-news/
ALISO VIEJO, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BRCHF), a leading provider of ultra-low power high performance artificial intelligence technology, today announced that Chief Development Officer Anil Mankar will present “Intelligent Edge AI: The Future is Now” at the Linley Fall Processor Conference 2021 in the Hyatt Regency Hotel in Santa Clara, California, October…
Artificial intelligence (AI), which has seen rapid growth over the past few years, is mainly due to the development of deep neural networks and artificial intelligence computing technology. Experts believe that there will come a time when artificial intelligence will exceed human intelligence, or be able to do many tasks better than humans.
Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs handle and boost their online sales, will cater to a rapidly expanding online economy in Russia, as well as to clients hoping to grow their international presence. Tinkoff has hired Ilya Kretov, formerly…
WASHINGTON – As part of its mission to recruit diverse cybersecurity talent and build the workforce of the future, the Cybersecurity and Infrastructure Security Agency (CISA) has awarded $2 million to two innovative organizations for development of cyber workforce training programs. The NPower and CyberWarrior organizations, which received the awards, will focus on the unemployed…
Most Popular Articles on dWeb.News
- ISRAEL NEWS: Austrian leader said to cancel Israel visit amid corruption allegations
- Top 10 Killer Magento SEO Tips for Your E-Commerce Website
- HEALTH NEWS: Major Insurers Are Running Billions of Dollars Behind in Payments to Doctors and Hospitals
- RUSSIA NEWS: Taliban welcomes Russia’s plans to remove them form the terrorist list
- HEALTH NEWS: Eco-Rooted Lawsuits Target Needle Exchanges. This will be stopped by a new California law.
- FRONT PAGES: A Potential New Treatment For Inflammatory Arthritis