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Lydall to form Lydall Thermal/Acoustical Solutions

10 Sep '17

2 min read

Courtesy: lydall

With increasing demands for the engineered management of noise, heat, vibration and harshness, Lydall plans to form Lydall Thermal/Acoustical Solutions, combining its existing Thermal/Acoustical Metals and Thermal/Acoustical Fibres businesses. The move will allow the group to better serve customers, leverage operating disciplines, and drive efficiencies.

Scott M Deakin, Lydall’s executive vice president and chief financial officer, will transition out of his current role and serve as president of Lydall Thermal/Acoustical Solutions. Lydall has launched an external search for Scott’s replacement. In the interim, he will continue to serve as chief financial officer until his successor is named.

As demands for the engineered management of noise, heat, vibration and harshness increase across automotive and industrial platforms globally, it is critical that Lydall continues to best position its comprehensive product offering to solve customer problems in these attractive markets. Further aligning the complementary businesses will allow the groups to better serve customers, leverage operating disciplines, and drive efficiencies across our global operations.

Through the balance of the third quarter of 2017, the company will further define the global structure and strategies of the Thermal/Acoustical Solutions business. The company expects to begin reporting as a single consolidated segment starting in fiscal year 2018.

Dale G Barnhart, president and CEO said, “Consolidating Thermal/Acoustical Metals and Thermal/Acoustical Fibres will enable Lydall to better leverage our global assets, human talent and operational efficiencies, which will generate synergies and result in an improved cost position to the benefit of our customers and shareholders. Scott’s demonstrated leadership within Lydall, coupled with his previous general management roles, make him the ideal person to lead the combined, world-class organisation. Having a demonstrated blend of strategic, financial and operational skills will enable Scott to lead the unification of the businesses.”

“I am very excited to lead this combined, global organisation,” said Deakin. “Lydall Thermal/Acoustical Solutions will have the unique capability of providing a broad suite of highly engineered thermal and acoustical products to better serve our customers. We fully expect to further improve our effectiveness and positioning in the industry through our consolidation of these complementary businesses.” (SV)

Fibre2Fashion News Desk – India