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Andrew Industries Limited, a manufacturing group headquartered in Altham has completed a £50m deal to sell six businesses within its filtration division to Lydall Inc, a US listed business.
Andrew filter products are typically used in air filtration, especially pollution control, and a wide range of industries including power generation, cement, steel, asphalt, waste to energy, food and pharmaceutical.
Andrew Industries, which placed 26th in Lancashire Business View's most recent Fab 500 rankings, was founded in 1894 and is privately owned by the Andrew family and will continue to operate its engineering and laundry divisions.
The company is led by chairman Ted Andrew who is the third generation of the original founders of the business, group managing director Ian Kenyon and group finance director Ian Lord.
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