CONTRACT for a Consortium Credit in the Amount of EUR 6,000,000* between Lydall Gerhardi GmbH & Co. KG as Borrower (the “Borrower” or “Lydall Gerhardi”) and Lydall Holding Deutschland GmbH as Co-Debtor (the “Co-Debtor”) and Deutsche Bank AG as...Consortium Credit Agreement • November 7th, 2003 • Lydall Inc /De/ • Textile mill products
Lydall Gerhardi is a mid-size company in the automobile accessories sector. The company specializes in the development and production of devices for thermal insulation made of aluminum (“heat shields”). Its customers include many well-known automobile manufacturers in Europe, which principally buy directly, and to a lesser extent indirectly, through other automobile suppliers. After the takeover by Lydall Inc., Manchester, Ct., USA, in 1999 and the spin-off of the plastic and galvanic division with two plants in the business year 2000, Lydall Gerhardi currently has a production facility in Meinerzhagen.
