UPDATE 1-Lydall says to close Vermont unit affecting 190 jobs

Newswire

(Recasts; adds details, share movement) Sept 23 (Reuters) - Diversified manufacturer Lydall Inc said it will close its Vermont facility, affecting 190 jobs, and consolidate its North American automotive production into its North Carolina operation to reduce operating costs. Lydall said it sees pre-tax charges of about 32 cents to 36 cents a share and cash expenditures of $6.5 million to $7.5 million related to the consolidation, which it expects to complete by the end of 2009. The ...

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