#USA #Research Triangle Park #Coating Center #Surface Technologies #Kymera International

Acquisition News: Kymera International Acquires Coating Center Castrop GmbH

Kymera International, a leading global company in the field of specialty materials and surface technologies, recently announced its acquisition of Coating Center Castrop GmbH (CCC). This strategic move is set to enhance Kymera's operational capabilities and expand its footprint in Europe, specifically within the thermal spray market.

Expansion of Surface Technologies Division

With this acquisition, Kymera aims to bolster its Surface Technologies division, enabling it to offer advanced thermal spray solutions tailored to various industries including aerospace, marine, pharmaceuticals, and general industrial markets. CCC, based in Castrop-Rauxel, Germany, is recognized for its precision engineering and comprehensive services in thermal spraying, designed to protect high-value components from extreme wear and tear.

This strategic integration not only strengthens Kymera's existing capabilities but also provides significant benefits to both companies, facilitating an increased technological capacity and broader global reach that now encompasses the USA, Canada, and Germany. The addition of CCC's advanced engineering capabilities and CNC machining to Kymera's portfolio will be instrumental in enhancing localized service for key customers in the aerospace sector through its HaloJet ID HVOF™ technology.

Insights from Leadership

Barton White, CEO of Kymera International, commented on the acquisition: "The distinctiveness of our Surface Technologies division lies in our ability to deliver high-performance, complex, and customized thermal spray solutions, supported by exceptional service." He further emphasized that acquiring CCC enhances Kymera's ability to deliver regional services globally while supporting the company's strategic growth initiatives in the aerospace and defense sectors.

Adam Shebitz, a partner and industry lead at Palladium Equity Partners, also shared insights, indicating that the acquisition accelerates the growth trajectory of Kymera's Surface Technologies division. He expressed optimism about the future growth opportunities the acquisition presents in the European aerospace market and the potential expansion of Kymera's HaloJet technology.

In response, the CCC team expressed their enthusiasm about the partnership with Kymera, stating, "We are delighted to find a partner in Kymera who will continue our journey and complement it with additional innovative coating technologies. This will allow us to offer an even broader range of surface treatment processes and services to our customers."

About the Companies

Kymera International traces its roots back to the 1800s and is now recognized as a leading developer and manufacturer of advanced specialty materials and high-performance coatings in the USA. Their offerings reach multiple end markets, including aviation, defense, medical, electronics, chemicals, specialty automotive, additive manufacturing, and various industrial applications, with production facilities spread across the USA, Canada, Australia, Europe, the UK, Asia, and Brazil.

Coating Center Castrop GmbH, founded in 1999, specializes in durable surface solutions resistant to wear and corrosion across diverse industries. With operations in Castrop-Rauxel, Germany, CCC not only provides engineering, design, and manufacturing solutions but also offers high-speed flame spray processes, including HVOF, plasma, wire, and powder flame and arc spray coatings.

Palladium Equity Partners, the firm involved in the acquisition, manages over $3 billion in assets and focuses on acquiring and developing companies in partnership with founders and experienced management teams, having invested in over 220 companies since its inception in 1997.

With this acquisition, Kymera International is poised to not only strengthen its competitive position within the thermal spray sector but also to enhance service and innovation for its growing European client base.