— Thermal spray solutions add capabilities focused on strategic defense to Kymera’s Surface Technologies product range —
RESEARCH TRIANGLE PARK, NC, May 8, 2023 /PRNewswire/ — Kymera International (“Kymera”), a leading global specialty materials company, announced today that it has closed its transaction with Thermal Spray Solutions, Inc. (“TSS”), acquiring substantially all of their assets. Headquarters in Chesapeake, VirginiaTSS is a leading supplier of high-performance thermal spray coatings for corrosion and wear resistance to the US Navy, the shipbuilding sector and key industrial customers everywhere United States.
“The sale of TSS to Kymera is in line with our strategic objective to grow our specialty coatings business segment. The TSS team has developed unique material and process solutions that extend the life of metal substrates and provide non-slip surfaces in areas such as naval aircraft carrier decks. These technologies, along with Kymera’s internally developed materials, will allow us to expand our product offerings in the US and leverage Kymera’s footprint to drive global growth,” commented Barton White, CEO of Kymera. “In particular, we are particularly excited about how this investment will augment our growing offerings in support of the U.S. Navy.”
“Kymera continues to execute on its M&A plan, now completing its seventh acquisition under Palladium’s ownership,” said Adam Shebitz, partner at Palladium. “The addition of TSS is the right strategy as it accelerates Kymera’s expansion into high-growth surface technologies and value-added specialty materials.”
“Thermal Spray Solutions is excited to become part of Kymera’s Surface Technologies Group. Kymera’s focus on coatings applications and new product development will place TSS in a significantly stronger position to support rapidly growing opportunities within our existing DoD and commercial customer base,” said Chris NicholsVice President of Sales and Marketing and Co-Founder of TSS.
Terms of the deal were not disclosed.
About Kymera International
Kymera International, through acquisitions, can trace its roots back to 1800. Today, Kymera International is a US-owned, leading global developer and manufacturer of advanced specialty materials and high-performance surface coatings. Kymera sells its engineered products to a wide variety of end markets, including aerospace, defense, medical, electronics, chemical, specialty automotive, additive manufacturing and numerous industrial applications. Kymera International has manufacturing facilities in the US, Australia, Europeand Asia. www.kymerainternational.com
About thermal spray solutions
Thermal Spray Solutions is a full-service thermal spray facility specializing in rotary equipment solutions and on-site metal coating applications. The facility, based in Chesapeake, Virginiaboasts one of the largest thermal spray booths in Eastern USA and is the leading supplier of non-slip Thermal Spray coatings for the flight decks of the US Navy.
About Palladium Equity Partners, LLC
Since its founding in 1997, Palladium has invested in more than 200 companies (38 platforms and more than 165 add-ons). With over 3 billion dollars in AUM the firm focuses primarily on buyout equity investments in the range of 50 million dollars to 150 million dollars. Palladium seeks to acquire and grow companies in partnership with founders and experienced management teams, providing capital and strategic guidance. The firm’s partners have significant experience in the consumer, services, industrial and healthcare industries, with a particular focus on companies that they believe will benefit from the growth of the US Hispanic population. For more information, visit www.palladiumequity.com.
SOURCE Kymera International