Lyndall to draw on revolver to finance MGF Gutsche acquisition

By Tali Rackner

Norfolk, Va., Nov. 30 – Lyndall, Inc. plans to use borrowings from its revolving credit facility and cash on hand to finance its roughly $58 million acquisition of MGF Gutsche GmbH & Co. KG, according to a press release.

The transaction is expected to close at year-end.

Lyndall is a Manchester, Conn.-based manufacturer of specialty engineered products for the thermal/acoustical and filtration/separation markets. MGF Gutsche is a Fulda, Germany-based producer of filter media.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.