September 4, 2018

Lydall completes $265M acquisition of Pa. firm

Manchester manufacturer Lydall Inc. on Monday said it completed its $265 million cash acquisition of a Pennsylvania maker of automotive seals, gaskets and sound-deadening materials.

Lydall officials said acquiring Interface Performance Materials Inc., of Lancaster, Pa., increases its scale and adds more favorable margins to its product lines.

Founded as Interface Solutions Inc. in 1995, the company netted $26 million last year on $146 million in sales. Officials said they expect sales to reach more than $150 million in 2018.

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