MANCHESTER, CT--(MARKET WIRE)--Sep 19, 2008 -- Lydall, Inc. (LDL - News) announced today that it has completed the sale of Lydall Transport, Ltd. to LTL Acquisition, LLC, a company formed by Pine Creek Partners, LLC, a Washington, D.C. based private equity firm. On September 5, 2008, the Company had announced entering into a definitive agreement to sell Lydall Transport, Ltd. to LTL Acquisition, LLC. Cash proceeds received by the Company from the sale were approximately $3.6 million.

Lydall Transport, Ltd., which generated 2007 revenues of $20.3 million, is comprised of transport, distribution and warehousing businesses that specialize in time-sensitive shipments and warehouse management services primarily serving the paper and printing industries.

Lydall, Inc. is a New York Stock Exchange listed company, headquartered in Manchester, Connecticut. The Company, with operations in the U.S., France, and Germany and sales offices in Europe and Asia, focuses on specialty engineered products for the thermal/acoustical and filtration/separation markets. For additional information, please visit www.lydall.com.

In the interest of more meaningful disclosure, Lydall and its management make statements regarding the future outlook of the Company, which constitute "forward-looking statements" under the securities laws. These forward-looking statements are intended to provide management's current expectations for the future operating and financial performance of the Company, based on assumptions and estimates currently believed to be valid. Forward-looking statements included within this document are generally identified through the use of language such as "believe," "expect," "may," "plan," "project," "estimate," "anticipate" and other words of similar meaning in connection with the discussion of future operating or financial performance. All forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements.

     For further information:
     Thomas P. Smith
     Vice President, CFO and Treasurer
     860-646-1233
     http://www.lydall.com
     Email:  investor@lydall.com