Palladium Equity Partners, LLC, New York City, USA, a private investment firm with over $2.5 billion in assets under management, today announced that one of its affiliated private equity funds has acquired global speciality materials company Kymera International (the collective of ACuPowder International, ECKA Granules and SCM Metal Products), from Los Angeles-based private investment firm Platinum Equity. The terms of the transaction were not disclosed.
The Kymera group of companies produces a variety of specialty materials, powders, pastes and granules used in a wide range of metallurgical, chemical and industrial processes, including Powder Metallurgy, metal Additive Manufacturing, and Metal Injection Moulding (MIM). Many of the company’s products are custom developed for specific customer applications in a variety of end-markets, including chemical, speciality auto, general industrial, mining and aerospace, among others.
The company is headquartered in Durham, North Carolina, USA, and has global production capabilities across the United States, Australia, China, Europe and the Middle East. Under Platinum Equity’s ownership, it saw significant growth from two copper powder plants to become one of the largest manufacturers of speciality aluminium and copper powders worldwide.
“Kymera’s success reflects the culmination of a strategy to acquire multiple speciality material companies across the globe and integrate them operationally under one brand,” said Jacob Kotzubei. “Starting with the carve out of SCM Metal Products, we partnered with management to build on the platform over time, and supported the company’s organic growth through investments in R&D and deployed our M&A&O® resources to source and execute three add-on acquisitions. The result is a high-performing, well-diversified business with a dynamic leadership team led by Barton White.”
Palladium stated that it is backing the Kymera management team with the goal of pursuing various avenues of growth, including accelerating the expansion of the company’s value-added product portfolio and pursuing complementary acquisitions in the speciality materials industry. Adam Shebitz, a Managing Director of Palladium, commented, “Barton and the rest of the Kymera leadership team have built a leading specialty materials manufacturer with a reputation for delivering excellent service, deep technical expertise, and complete reliability to its customers. We are excited about Kymera’s next chapter of growth.”
Barton White, Kymera CEO, added, “We are proud of the results we have achieved under Platinum, and thank them for their support over their ownership period. We look forward to working with Palladium and leveraging their industry experience to accelerate our expansion plans, while continuing to focus on serving our customers as their trusted partners.”