Kymera International closes transaction to acquire Reading Alloys business from Ametek

March 23, 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

Download the latest issue of Metal AM magazine

Our latest issue is now available to view online or download in PDF format.

As well as an extensive AM industry news section, this 184-page issue includes articles and reports on:

  • Cheaper powders, faster build speeds and no thermal stresses? How AM is going supersonic at SPEE3D
  • Current perspectives on metal AM: Hype, volume manufacturing and the geographies of production
  • AM Ventures: An insider’s perspective on venture capital for start-ups in Additive Manufacturing
  • Binder Jetting and beyond: Optimising the use of metal powders for Additive Manufacturing
  • From lightweighting and material efficiency to energy consumption: Where are we on AM’s sustainability journey?
  • AM’s industrial impact celebrated as Sweden hosts ASMET’s fourth Metal Additive Manufacturing Conference
  • Euro PM2019: Effects of humidity and storage conditions on Additive Manufacturing powder quality
  • > More information

Latest news

    E-newsletter

    Sign up to our e-newsletter, sent weekly to AM professionals and end-users around the world. We'll also let you know each time a new issue of Metal AM magazine is available.

    Discover our magazine archive…

    The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:
    • Reports on visits to leading metal AM part manufacturers and industry suppliers
    • Articles on technology and application trends
    • Information on materials developments
    • Reviews of key technical presentations from the international conference circuit
    • International industry news
    All past issues are available to download in PDF format, in either single page format or as double-page “spreads” for viewing on large monitors. All downloads are free of charge. Go to archive...

    Connect with us

    Visit our social media channels and sign up to our e-newsletter