October 3, 2008
Filtrona today said it has signed an agreement to acquire the business and assets of St. Charles, Mich.-based Lendell Manufacturing, Inc.
The $35 million purchase gives Filtrona a developer and manufacturer of specialized hydrophilic foam products.
Filtrona also said its bonded fiber components division will be renamed and launched as Filtrona Porous Technologies, comprised of both Filtrona Fibertec and Lendell. Filtrona Porous Technologies, headquartered in Richmond, will operate as a developer and manufacturer of liquid handling and other specialty, porous components for use in consumer and professional end-use devices.
Lendell specializes in products for medical wound care, agricultural, industrial and consumer uses.
"The addition of Lendell will conform well with Filtrona's strategy of becoming the premier global supplier of specialty solutions and components to consumer and professional product applications," said Mark Harper, Filtrona's chief executive.
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