Gutsche and Lydall form leading filtration and technical materials company
We are pleased to announce that the Gutsche Group has entered into an acquisition agreement with Lydall, Inc. (NYSE: LDL). The acquisition involves all of the Gutsche-branded businesses, including the High Performance Filtration and Nonwovens businesses which operate under MGF Gutsche GmbH & Co KG, FRG and Gutsche Environmental Technology (Yixing) Co. Ltd., PRC.
Through the sale of Gutsche’s operating business to Lydall, the Gutsche shareholders not only secure the long-term success of the company, but also strengthen its future by creating a global leading manufacturer of needle felts for filtration and technical nonwovens.
The current President and shareholder Michael Gutsche comments: “We are truly excited about the addition of Gutsche to the Lydall family of businesses. With Lydall, we have found the ideal partner who will support Gutsche’s continued growth in the long term and further expand its excellent position in the industries we serve. Our very important and long-standing client relationships will continue and, upon consummation of the acquisition, will enjoy the full support of a new global market leader.“
Michael Gutsche will remain associated with the company and will actively support its development.