Kymera International Acquires Coating Center Castrop GmbH

Kymera International (Kymera), a specialty materials and surface technologies company, has announced the successful acquisition of Coating Center Castrop GmbH (CCC), a thermal spray and precision machining company that offers complete design, fabrication, and finish machining solutions to the aerospace, marine propulsion, pharmaceutical, and general industrial markets. CCC, headquartered in Castrop-Rauxel, Germany, offers its European clients unique engineering and thermal spray service solutions that reduce the effect of intense wear on high-value components.

This strategic acquisition expands Kymera's position in the thermal spray services sector, providing considerable benefits to both firms via increased technical capabilities and a broader worldwide presence that now includes the United States, Canada and Germany. CCC adds sophisticated component engineering, fabrication, and CNC machining capabilities to Kymera's Surface Technologies company, as well as a European HaloJet ID HVOF™ service center. This allows for localized aerospace landing gear support to major clients in the area.

"Kymera's Surface Technologies business is differentiated by our ability to provide high-performing, comprehensive, and customized thermal spray solutions with superior service and support," says Barton White, CEO of Kymera International. "The acquisition of CCC further solidifies our ability to provide regional service on a global scale and support our strategic growth initiatives in the aerospace industry with our HaloJet ID HVOFTM technology."

"The acquisition of CCC helps to accelerate the trajectory of Kymera's Surface Technologies business," says Adam Shebitz, Partner and Head of Industrials at Palladium Equity Partners. "We expect its ideally located German footprint will unlock future growth within the European aerospace sector, enabling the expansion of Kymera's HaloJet technology."

"We are happy to have found a partner in Kymera who will continue on our path and complement it with further innovative spray technologies," according to the CCC team. "This will enable us to offer our customers an even broader range of coating processes and services."

The details of the deal were not revealed.

Source: Kymera