LORD Corporation Signs Agreement to Divest and License Coatings to SOCOMORE
(Cary, N.C. – August 29, 2016) – LORD Corporation has agreed to divest its Aeroglaze® and Chemglaze® product lines and license LORD® UltraConductive™ lightning strike protection (LSP) products for worldwide sales to Groupe SOCOMORE S.A.
LORD, however, will continue to manufacture all products for SOCOMORE through a toll manufacturing agreement. The acquisition, expected to close by the end of September, will not impact any LORD employees. Aerospace coating customers will benefit from the consolidated expertise of both companies in this strategic agreement.