Hyperion Materials & Technologies Inc., Worthington, Ohio, USA, a developer of hard and super-hard materials, has completed the acquisition of AFC Hartmetall, headquartered in Mainleus, Germany, a cemented carbide tool blank manufacturer.
Hyperion stated that there will be little change as the companies begin the integration process and AFC will maintain its own brand identity and continue operations at its Mainleus headquarters. AFC founder Arno Friedrichs has stepped down as CEO and joined the Hyperion Board of Directors, and Ralf Greifzu, who has led AFC’s global sales for seven years, is now Vice President and General Manager of AFC.
“Bringing AFC into the Hyperion group creates an extensive product portfolio and expands our manufacturing capabilities, boosting our already robust offering and further positioning us as the first choice for toolmakers in need of high-precision, high-performance solutions for drilling and milling applications,” stated Ron Voigt, CEO of Hyperion.
“AFC has an extremely talented workforce and a tremendous reputation for supporting customers. Together, we will work toward the shared goal of becoming the world’s top independent supplier of cemented carbide tool blanks.”
Ralf Greifzu, Vice President and General Manager of AFC, added, “We are looking forward to the benefits of collaboration across sales, product development and manufacturing. This partnership greatly expands our global footprint, creating the opportunity to introduce our industry-leading products to more markets while ensuring we can provide even better support to our existing clients.”