M&A Deal Summary

Alkegen Acquires Lydall

On June 21, 2021, Alkegen acquired manufacturer Lydall for 1.3B USD

Acquisition Highlights
  • This is Alkegen’s 3rd transaction in the Manufacturing sector.
  • This is Alkegen’s largest (disclosed) transaction.
  • This is Alkegen’s 3rd transaction in the United States.
  • This is Alkegen’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-06-21
Target Lydall
Sector Manufacturing
Buyer(s) Alkegen
Deal Type Add-on Acquisition
Deal Value 1.3B USD
Advisor(s) BofA Securities (Financial)
Davis Polk & Wardwell (Legal)

Target

Lydall

Manchester, Connecticut, United States
Lydall produces specialty engineered products for the thermal/acoustical and filtration/separation markets. Lydall was founded in 1869 and is based in Manchester, Connecticut.

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Buyer(S) 1

Buyer

Alkegen

Buffalo, New York, United States
Category Company
Founded 1891
Sector Manufacturing
DESCRIPTION

Alkegen develops and manufactures high-performance specialty materials used in advanced applications including high-temperature industrial insulation, filtration media, battery technologies for electric vehicles and energy storage, and fire protection, among many others. Alkegen was founded in 1891 and is based in Buffalo, New York.

DEAL STATS #
Overall 4 of 5
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 4 of 4
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-02 Rex Materials

Howell, Michigan, United States

Rex Materials, Inc. produces a wide variety of engineered thermal components in a range of materials, thicknesses, and densities. Rex Materials is based in Howell, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Luyang

Zibo, China

Luyang provides research and development, production, and sales in the field of ceramic fiber, alumina fiber, soluble fiber, basalt fiber, and insulating firebrick. Luyang was founded in 1984 and is based in Zibo, China.

Buy -
Mergr

Product

Company

Legal