Clearlake Capital portfolio company Alkegen, a specialty materials platform that provides high performance materials used in advanced applications such as filtration media, battery technologies, high temperature insulation and fire protection, has acquired a controlling ownership interest in Luyang Energy-Saving Materials (Luyang), a Shenzhen A-share listed platform headquartered in Yuquan, Shandong province, China.
Luyang produces energy-saving materials in the fields of ceramic fibres, soluble fibres, alumina fibres, and other high temperature insulating materials, and has been partnered with Alkegen since 2015.
