Lydall Technical Nonwovens divests geosynthetic installation business
MANCHESTER, CT, May 15, 2019-
Lydall, Inc. (NYSE:LDL), through its wholly-owned subsidiary Texel Technical Materials, Inc. (“Lydall”), announced 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.
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