“The divestiture of Geosol follows Lydall’s strategy to focus on our core technologies and capabilities that improve our effectiveness and positioning as a specialty materials provider,” said Dale G Barnhart, president and CEO of Lydall in a press release by the company.
“We have found the ideal purchaser that shares our passion for this business and its people. FC’s deep expertise in geosynthetics installation and their local market knowledge positions them well as the new owner of Geosol. Additionally, Texel’s continued supply of geosynthetic materials to FC ensures end customers will maintain access to high quality products and service,” said Joe Abbruzzi, president of Lydall’s technical nonwovens segment. (PC)
Fibre2Fashion News Desk – India