ALKEGEN

Alkegen, formed by Unifrax and Lydall Materials, is a global leader in high-performance specialty materials with over 60 facilities and 9,000 employees. They innovate in battery technology, insulation, filtration, and more, focusing on energy efficiency, safety, and sustainability.

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Alkegen is a leading global manufacturer of high-performance specialty materials, established through the merger of Unifrax and Lydall Materials. With over 60 manufacturing facilities worldwide and more than 9,000 employees, the company develops advanced solutions for energy efficiency, pollution reduction, and fire safety. Their products serve multiple industries, including battery technology, filtration, insulation, construction, and transportation. The company’s dedication to environmental sustainability is reflected in their innovative product portfolio, which addresses pressing global challenges while maintaining high performance standards.

Battery Technology

Alkegen’s contribution to the battery industry centers on three main product categories. Their SiFAB (Silicon Fiber Anode) technology represents an advancement in lithium-ion battery manufacturing, featuring a nanoporous fiber structure that accommodates silicon expansion during charging cycles. This design enables higher energy density, faster charging capabilities, and extended battery life, particularly beneficial for electric vehicles and consumer electronics.

The company’s thermal management solutions include the FyreWrap LiB product line, comprising specialized papers, felts, films, and coatings. These materials provide essential thermal barriers and electrical protection for battery systems, preventing thermal runaway propagation and enhancing overall safety. Additionally, their AlkeGel aerogel technology delivers superior thermal insulation with minimal thickness and weight, making it particularly effective for electric vehicle applications.

Alkegen also produces advanced battery separator materials, crucial components that maintain cell integrity and performance in lithium-ion batteries. Their Inovion technology offers enhanced thermal stability and safety features while optimizing battery performance across various applications.

Recent Projects

In late 2023, Alkegen completed a significant financial restructuring, securing $2.125 billion in new financing facilities. This package included a $1.925 billion first lien term loan and notes, plus a $200 million first-out revolving credit facility. The transaction, extending maturities to 2029, strengthens the company’s financial position and supports ongoing growth initiatives.

Investors

Clearlake Capital Group serves as the primary investment partner for Alkegen, supporting the company since the combination of Unifrax and Lydall. The recent financing transaction involved additional participation from Oak Hill Advisors and various other institutional investors. This diverse investment backing demonstrates confidence in Alkegen’s business model and growth potential.