M&A Deal Summary

Lydall Acquires Texel

On July 8, 2016, Lydall acquired apparel/textiles company Texel from ADS for 96M USD

Acquisition Highlights
  • This is Lydall’s 2nd transaction in the Apparel/Textiles sector.
  • This is Lydall’s largest (disclosed) transaction.
  • This is Lydall’s 1st transaction in Canada.
  • This is Lydall’s 1st transaction in Quebec.

M&A Deal Summary
Date 2016-07-08
Target Texel
Sector Apparel/Textiles
Buyer(s) Lydall
Sellers(s) ADS
Deal Type Divestiture
Deal Value 96M USD

Target

Texel

Saint-Elzéar-de-Beauce, Quebec, Canada
Texel, Inc. is a producer of non-woven needle punch materials serving the geosynthetic, liquid filtration, and other industrial segments.

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Buyer(S) 1

Buyer

Lydall

Manchester, Connecticut, United States
Category Company
Founded 1869
Sector Manufacturing
Employees3,500
Revenue 764M USD (2020)
DESCRIPTION

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

DEAL STATS #
Overall 2 of 4
Sector (Apparel/Textiles) 2 of 2
Type (Divestiture) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Charter Medical

Winston-Salem, North Carolina, United States

Charter Medical Ltd. manufactures specialty single-use assemblies and Class I and Class II medical devices for the collection, processing, storage and filtration of biological and bioprocessing fluids. Charter also produces bio-containers and fluid management sets that serve a range of life science applications including biopharmaceutical manufacturing, cell therapy and cryogenic storage. Charter is a single site company based in Winston-Salem, North Carolina.

Sell $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-30 MGF Gutsche KG

Fulda, Germany

MGF Gutsche GmbH & Co. KG is a manufacturer of of nonwoven needle punch materials serving the industrial filtration and high performance nonwoven segments. The business consists of operations in Germany and China. GUTSCHE is amongst the elite leaders in the world which produce sophisticated filter media. GUTSCHE leads the way in engineering innovative composite materials for diverse applications.

Buy $58M

Seller(S) 1

SELLER

ADS

Virginia Beach, Virginia, United States
Category Company
Founded 1979
Sector Transportation
DESCRIPTION

ADS, Inc. is a logistics and supply chain solutions provider that serves all branches of the U.S. Military, federal, state and local government organizations, law enforcement agencies, first responders, partner nations and the defense industry.

DEAL STATS #
Overall 1 of 1
Sector (Apparel/Textiles) 1 of 1
Type (Divestiture) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-16 Theodor Wille Intertrade AG

Zug, Switzerland

Theodor Wille Intertrade AG is a provider of an innovative, integrated and trusted IT solutions that make challenging global supply chains work.

Buy -
Mergr

Product

Company

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