Lydall transformed prior to acquisition
Flexibility and responsiveness in the face of Covid-19 pandemic.
4th August 2021
Nonwovens specialist Lydall, headquartered in Manchester, Connecticut, is reaping the rewards of decisions taken during 2020 and the bounceback other businesses this year.
The company’s second quarter 2021 net sales climbed to $221.7 million, up 51.7% compared to the same period last year, and income soared by 116.4%.
“Over the past year, Lydall has gone through an incredible transformation proving flexibility and responsiveness in the face of the Covid-19 pandemic,” said said Sara A. Greenstein, president and CEO. “Our Performance Materials (PN) business saw continued strong demand in speciality filtration led by higher sales of fine fibre meltblown media, as well as sealing solutions which benefited from favourable trends in transportation, agricultural, and construction end markets. The PM team commissioned additional fine fibre meltblown capacity at our Rochester, New Hampshire and St. Rivalain, France facilities, ahead of schedule and under budget.”