Lydall $1.3 billion acquisition by Unifrax
Davis Polk is advising Lydall, Inc. in connection with its approximately $1.3 billion acquisition by Unifrax, which is backed by Clearlake Capital. The transaction is expected to close in the second half of 2021 and is subject to the receipt of required regulatory approvals, approvals of Lydall stockholders and other customary closing conditions.
Lydall delivers value-added engineered materials and specialty filtration solutions that promote a cleaner, safer and quieter world. Unifrax is a leading global supplier of high-performance specialty materials used in thermal management, specialty filtration, battery materials, emission control and fire protection applications.
The Davis Polk corporate team includes partners Daniel Brass and William H. Aaronson and associate Lisa Ogust. Partner Hilary Dengel and counsel Welton E. Blount are providing finance advice. The executive compensation team includes partner Adam Kaminsky. Counsel Betty Moy Huber is providing environmental advice. Partner Ronan P. Harty is providing antitrust and competition advice. Partner William A. Curran is providing tax advice. Counsel Matthew J. Bacal is providing intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.