Kymera International acquires copper-based powder producer Royal Metal Powders
February 28, 2024
Kymera International, a speciality materials company headquartered in Raleigh, North Carolina, USA, has acquired Royal Metal Powders Inc., a manufacturer of water and air-atomised copper-based powders located in Maryville, Tennessee.
Under the continued leadership of Mike Lutheran, president of Royal Metal Powders, Kymera will continue operations at Royal’s facility until all production can be moved to Kymera’s manufacturing sites in North Carolina, Pennsylvania and Germany. It was added that Lutheran will be joining Kymera as Senior Vice President.
“The copper powder markets have encountered headwinds over the past few years, but we remain committed to ensuring Kymera and Royal’s customers receive timely and high-quality supply of these critical materials for decades to come,” stated Barton White, CEO of Kymera. “As demonstrated by our recent $20 million expansion of our North Carolina facility, Kymera is positioned to provide uninterrupted, long-term supply for the entire market.”
Royal Metal Powders offers a wide variety of powders, including copper, brass, premix and pre-alloyed bronze powders, nickel/silver, tin powder, electrolytic copper powders, lead powders, and phos copper powders.
Adam Shebitz, Partner at Palladium Equity Partners, the parent company of Kymera International, added “We are pleased that Kymera continues to demonstrate its unwavering commitment towards the copper powder market. Following the recent expansion undertaken at Kymera’s RTP facility, the acquisition of Royal’s assets reinforces Kymera’s position as a well-capitalized and high growth supplier of niche specialty materials.”
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