MANCHESTER, CT, August 10, 2018-

- Strengthens engineered materials offering, with a leading globally-recognized brand
- Leverages existing manufacturing capabilities and know-how
- Enhances Lydall’s portfolio with meaningful scale and margin profile

Lydall, Inc. (LDL) (“Lydall” or the “Company”) (NYSE: LDL), today announced it has entered into an agreement to acquire Interface Performance Materials (“Interface”) for $265 million in cash.  The transaction will further advance Lydall’s engineered materials offering in new markets with similar technologies utilized in our Performance Materials business.  Interface is a leading globally-recognized brand that delivers complete sealing solutions with a comprehensive product portfolio, deep in-house technical capabilities and vertical integration.  The transaction is expected to close in the Third Quarter of 2018, subject to the completion of specified closing conditions, including receipt of customary merger control approval from U.S. authorities.

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