Kymera International closes transaction to acquire Reading Alloys business from Ametek

March 20, 2020

Speciality materials company Kymera International, Raleigh, North Carolina, USA, has closed its transaction with with Ametek, Inc., Berwyn, Pennsylvania, USA, and has now acquired 100% of the shares of the Reading Alloys business.

Founded in 1953, and acquired by Ametek in 2008, Reading Alloys designs, develops and produces master alloys, thermal barrier coatings and titanium powders. The business is a supplier for producers of high-quality titanium and super alloy mill products that are used in aerospace and aircraft applications.

Kymera has been owned by affiliates of Palladium Equity Partners, LLC, New York, New York, USA, (Palladium), a middle-market private equity firm with approximately $3 billion in assets under management, since 2018. The terms of the transaction were not disclosed.

“Reading Alloys is an outstanding company with highly skilled people and an excellent product and end market portfolio that fits in perfectly with our existing business,” stated Barton White, CEO of Kymera. “For Kymera, we believe this is a transformative acquisition that will give our combined company strong technical and commercial resources to help fuel our growth in the aerospace, defence, medical and industrial markets.”

“The acquisition of Reading Alloys, Kymera’s third to date under Palladium’s ownership, is right on strategy as the Kymera management team continues to build the company into a leading specialty materials producer,” commented Adam Shebitz, a Partner at Palladium.

“Kymera represents another great example of Palladium’s value creation framework, which pulls on both organic and M&A driven levers. We are excited about this opportunity to enhance the Kymera platform with Reading’s value-added products, growing end markets and its talented employees.”

www.kymerainternational.com

www.palladiumequity.com

www.readingalloys.com

www.ametek.com

Latest Industry News

Download the latest issue of PM Review

Our latest issue is now available to download in PDF format, free of charge.

As well as an extensive Powder Metallurgy industry news section, this 92-page issue includes the following exclusive articles and reports:

  • The potential for Industry 4.0 and IoT to monitor and improve powder compaction
  • Osterwalder: taking a new approach to tooling changeover on multi-level presses
  • Understanding the differences in particle size distribution methods for fine metal powders
  • Euro PM2019: Novel process developments highlight new opportunities for PM
  • More information

Industry News

E-newsletter

Sign up to our free e-newsletter, sent weekly to industry professionals around the world. We'll also let you know each time a new issue of PM Review magazine is available.

Subscribe for a FREE digital magazine

PM Review is the leading international magazine for the Powder Metallurgy industry.
Published four times a year, it is available as a free download or through a print subscription

Connect with us

Powder Metallurgy:The original net-shape production process

Powder Metallurgy components are relied upon by a wide variety of manufacturing industries, from automotive to power tools, household appliances, chemical engineering, filtration and more.

The main reason for the technology’s success is its cost-effectiveness at producing high volumes of net-shape components, combined with its ability to allow the manufacture of products that, because of the production processes, simply cannot be manufactured by other methods.

To discover more about how the technology has revolutionised component production, browse our Introduction to Powder Metallurgy.

Latest industry news