Kymera International Acquires Coating Center Castrop GmbH to Boost Surface Technologies Footprint in Europe
Deal News | Dec 02, 2024 | PR Newswire Cision Kymera International
In a strategic move to expand its presence in Europe and enhance its capabilities in advanced thermal spray solutions, Kymera International has announced the acquisition of Coating Center Castrop GmbH (CCC), a Germany-based firm specializing in thermal spray and precision machining. CCC provides services across various sectors, including aerospace, marine propulsion, and pharmaceuticals. With this acquisition, Kymera aims to strengthen its position in the surface technologies market and offer superior service to its European clientele. Kymera, backed by Palladium Equity Partners, sees this acquisition as a significant step in executing its strategic growth plan, particularly in the aerospace sector. Although financial terms of the transaction were not disclosed, both companies anticipate synergies that will broaden their technological capabilities and global reach. Barton White, CEO of Kymera, reiterated the importance of the acquisition for expanding regional service offerings. Adam Shebitz of Palladium Equity Partners highlighted the potential for growth in the European aerospace sector due to CCC's strategic location in Germany. The acquisition aligns with Kymera's mission to deliver high-performance, customized solutions and reinforce its leadership in surface technologies globally.
Sectors
- Aerospace & Defense
- Manufacturing
- Private Equity
Geography
- Germany – The acquired company, Coating Center Castrop GmbH, is based in Germany, which is central to the transaction.
- United States – Kymera International is a U.S.-owned company, indicating involvement of the United States in the transaction.
- Europe – The acquisition significantly impacts Kymera's operations and strategic growth in Europe.
Industry
- Aerospace & Defense – The acquisition involves companies that provide thermal spray solutions and high-performance coatings, which are critical in the aerospace and defense sectors.
- Manufacturing – Kymera and CCC offer engineering, design, fabrication, and machining solutions, placing them within the manufacturing industry.
- Private Equity – Palladium Equity Partners is a private equity firm involved in supporting the acquisition.
Financials
- $3 billion – Palladium Equity Partners' assets under management, indicating its financial strength in backing Kymera.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kymera International | Bidding Company / Buyer | Company | A global specialty materials and surface technologies company, acquiring Coating Center Castrop GmbH. |
| Coating Center Castrop GmbH | Target Company | Company | A German firm providing thermal spray and precision machining solutions. |
| Palladium Equity Partners, LLC | Financial Support | Company | A private equity firm backing Kymera International in the acquisition. |
| Barton White | CEO of Kymera International | Person | CEO commenting on the strategic importance of the acquisition for Kymera. |
| Adam Shebitz | Partner and Head of Industrials, Palladium | Person | Partner at Palladium commenting on the acquisition's impact on Kymera's growth. |