Deringer-Ney to acquire Hoyt Corporation
March 22, 2021
Deringer-Ney Inc., a global supplier of precious metal alloys, micro manufactured parts, electrical contacts, and precision components for medical devices, headquartered in Bloomfield, Connecticut, USA, has entered into a definitive agreement to acquire Hoyt Corporation, Englewood, New Jersey. Hoyt Corporation manufactures a vast array of both standard and custom-designed electrical parts, using Powder Metallurgy to manufacture its refractory and semi-refractory metal contacts.
The acquisition is said to support Deringer-Ney’s strategy of diversification within the electrical contact industry by addressing customers’ need for higher voltage systems and alloys to support future electrification and infrastructure expansions. Hoyt Corporation’s expertise in silver infused products and Powder Metallurgy is cited as an exciting expansion to Deringer-Ney’s globally recognised brands of high performance materials.
“We’re excited to bring Hoyt Corporation into the Deringer-Ney family and introduce their unique product offerings to our diverse customer base,” stated Ryan Elliott, president of Deringer-Ney.“The combination of Hoyt Corporation and Deringer-Ney allows us to present customers with electrical contact solutions ranging from millivolts to high voltage systems.”
Hoyt Corporation operates a fully equipped Powder Metallurgy department housing speciality powder processing and blending equipment, powder presses rated up to 35 tons, and hydrogen-based batch sintering furnaces. The company utilises custom-engineered powder mixing, in-house press tool production, and high-temperature sintering, to meet critical composition and dimensional specifications.