Research Triangle Park, NC, March 25, 2020 – Kymera International (“Kymera”), a leading specialty materials company that manufactures powders, pastes and granules of primary and alloyed aluminum, copper, tin and zinc, as well as many other niche products, announced today that it has closed its transaction with Ametek Inc., acquiring 100% of the shares of Reading Alloys.
Founded in 1953, Reading Alloys designs, develops and produces master alloys, thermal barrier coatings and titanium powders. The business is a preferred supplier for producers of high-quality titanium and super alloy mill products that are used in aerospace and aircraft applications.
“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,” said 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, defense, medical and industrial markets.”
Kymera has been owned by affiliates of Palladium Equity Partners, LLC (collectively, “Palladium”), a middle market private equity firm with approximately $3 billion in assets under management, since 2018.
“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,” said 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.”
The terms of the transaction were not disclosed.