BUFFALO – Alkegen, one of the largest speciality materials platforms in the world, formed following the merger of Lydall and Unifrax, is obtaining a controlling ownership interest in Luyang Energy-Saving Materials headquartered in Yuquan, Shandong province, China.
Luyang produces energy-saving materials in the fields of ceramic, soluble and alumina fibre and other high temperature insulating materials, and has partnered with Alkegen since 2015.
“From the very start of our partnership with Luyang seven years ago, we have been continuously impressed by the company’s management team and its ability to deliver on financial and commercial performance targets” said John Dandolph, president and CEO of Alkegen. “With this increased investment, we plan to leverage Luyang as our platform in Asia to extend and cross-sell many of Alkegen’s other products and technologies that are core to the strategic direction of our global economy. These include systems that are defining our collective future such as filter media, battery technologies, electric vehicle products and speciality insulation materials.”
Alkegen now has 75 manufacturing facilities operating in 12 countries, with 9,000+ employees globally.
