Kymera International, a speciality materials company headquartered in Raleigh, North Carolina, USA, has acquired AmeriTi Manufacturing Company, Detroit, Michigan, USA. AmeriTi is a manufacturer of value-added ferrotitanium, titanium sponge, titanium powders and speciality forms. The terms of the transaction were not disclosed, however, AmeriTi’s parts business, known now as TriTech Titanium Parts, was not included in the transaction.
“AmeriTi is a growing company led by a talented, dedicated employee base that culturally aligns with our mission and objectives to be the leading manufacturer of speciality materials that shape the future,” stated Barton White, CEO of Kymera. “We believe this is a synergistic acquisition that will give our combined company strong technical and commercial resources to help fuel our growth in the aerospace, medical, defence, and industrial markets.”
AmeriTi produces titanium powder using the hydride-dehydride (HDH) process, and is able to manufacture both commercially pure and alloyed titanium powder in a wide range of particle sizes. The company is said to have the unique ability to supply enriched alloy powder. This includes enriching powder with alloying elements that are lost during post-processing steps. An example of this is an enriched aluminium version of Ti 6-4 to compensate for aluminium loss during Laser Beam Powder Bed Fusion (PBF-LB) Additive Manufacturing.
Bob Swenson, the owner of AmeriTi for the past twenty-five years, added, “The sale of AmeriTi to Kymera is an exciting next step for the business. Kymera and AmeriTi together will continue to build the product lines and grow into new areas. The combined business will be able to build on its titanium experience and knowledge, and maintain its strong customer focus and service.”
Kymera International is owned by the private investment firm Palladium Equity Partners. “We are thrilled to help support the acquisition of AmeriTi, Kymera’s fifth to date under Palladium’s ownership, and second completed over the last three months,” stated Adam Shebitz, a partner at Palladium. “The addition of AmeriTi will help to realise Kymera’s five-year business plan to diversify into new, margin accretive, and growing end markets.”