In a strategic move to expand its thermal spray and coatings business, Kymera International, a global specialty materials company, announced the completion of its acquisition of substantially all the assets of Thermal Spray Solutions, Inc. (TSS). TSS is a leading provider of high-performance thermal spray coatings for corrosion and wear resistance to the U.S. Navy, the shipbuilding sector, and key industrial customers throughout the United States.
Growing Specialty Coatings Business Segment
The sale of TSS to Kymera aligns with the company’s strategic goal of growing its specialty coatings business segment. According to Kymera CEO Barton White, the TSS team has developed unique material and process solutions that extend the life of metal substrates and provide non-slip surfaces to areas such as naval aircraft carrier decks. With the acquisition, Kymera can expand its product offerings in the U.S. and use its footprint to drive growth globally. The company is particularly excited about how this investment will augment its growing offerings to support the U.S. Navy.
Kymera’s Seventh Acquisition Under Palladium’s Ownership
Kymera’s acquisition of TSS is its seventh acquisition under Palladium’s ownership, a clear indication of the company’s commitment to its M&A playbook. According to Adam Shebitz, a Partner at Palladium, the addition of TSS is right on strategy as it accelerates Kymera’s expansion into high-growth surface technologies and value-added specialty materials.
Excitement at TSS
TSS is excited to become a part of Kymera’s Surface Technologies Group. Chris Nichols, VP Sales & Marketing and Co-founder of TSS, stated that Kymera’s focus on coatings applications and new product development will put TSS in a significantly stronger position to support the rapidly growing opportunities within its existing DoD and commercial customer base.
The Financial Terms of the Transaction Were Not Disclosed
The terms of the transaction were not disclosed, but it is clear that the acquisition will have a positive impact on both Kymera and TSS. Kymera’s expertise in materials science and TSS’s unique material and process solutions will be combined to create a robust offering of thermal spray, coatings, and surface technology solutions to meet the needs of Kymera’s customers in the U.S. and around the world.
Kymera International’s Impressive Portfolio of Specialty Materials
Kymera International is a global leading specialty materials company that provides advanced materials solutions to customers in a broad range of end-markets, including aerospace, automotive, energy, medical, and semiconductor. With its acquisition of TSS, the company’s portfolio of specialty materials will expand to include thermal spray coatings, which are widely used in the aerospace, automotive, and energy sectors.
Thermal Spray Coatings for Corrosion and Wear Resistance
Thermal spray coatings are an essential component of many industrial applications, providing corrosion and wear resistance to a wide range of surfaces. TSS’s expertise in thermal spray coatings for the U.S. Navy and the shipbuilding sector makes it a valuable addition to Kymera’s portfolio of specialty materials. With its acquisition of TSS, Kymera can now offer its customers a broader range of thermal spray coatings and surface technology solutions to meet their specific needs.
Kymera International’s Commitment to Innovation and Growth
Kymera International’s acquisition of TSS is a clear indication of the company’s commitment to innovation and growth. With its impressive portfolio of specialty materials and expertise in materials science, Kymera is well-positioned to meet the evolving needs of its customers in a rapidly changing marketplace. As the company continues to expand its offerings and capabilities, it will undoubtedly remain at the forefront of the specialty materials industry.
Potential Impact on the Specialty Materials Industry
Kymera’s acquisition of TSS has the potential to have a significant impact on the specialty materials industry. With its expanded portfolio of thermal spray coatings and surface technology solutions, Kymera can now offer its customers a comprehensive range of advanced materials solutions. This acquisition will enable Kymera to better serve its customers in the aerospace, automotive, energy, medical, and semiconductor industries, as well as the U.S. Navy and the shipbuilding sector.
In conclusion, Kymera International’s acquisition of Thermal Spray Solutions, Inc. is a strategic move to expand its thermal spray and coatings business. With the addition of TSS’s expertise in thermal spray coatings for corrosion and wear resistance, Kymera can now offer its customers a broader range of thermal spray coatings and surface technology solutions to meet their specific needs. The acquisition is a clear indication of Kymera’s commitment to innovation and growth, and it has the potential to have a significant impact on the specialty materials industry.
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