— Addition of Telex Metals to Enhance Kymera’s Product Offerings to include Tantalum and Niobium Specialty Materials —
Research Triangle Park, NC, January 6, 2022 — Kymera International, LLC (“Kymera”), a global leading specialty materials company that manufactures non-ferrous metal powders, pastes, granules, and master alloys, announced today that it has closed its transaction with Telex Metals (“Telex”), acquiring 100% of the shares of Telex.
“Telex is an outstanding company with an excellent product and end-market portfolio that fits in perfectly with our existing business,” said Barton White, CEO of Kymera. “Matt Danish (CEO of Telex) has assembled a highly talented group of individuals in a truly entrepreneurial environment. We love Telex’s dedication to ESG initiatives including being a zero-discharge facility and we will strive to help Matt and Telex accelerate their growth trajectory”.
“Partnering with Kymera will allow Telex to propel our growth initiatives to the next level,” said Matt Danish, CEOofTelex. “We are excited to be joining Barton and the Kymera team and anticipate this to be mutually beneficial to our business and key customers.”
Kymera has been owned by affiliates of Palladium EquityPartners, LLC (collectively, “Palladium”), a middle-market private equity firm with approximately $3 billion in assets under management, since 2018. This is the fourth acquisition for Kymera under Palladium’s ownership.
The terms of the transaction were not disclosed.
About Kymera International, LLC
Kymera International can trace its roots back to the 1800s and today is a market-leading specialty materials company focused on non-ferrous powders, granules, and pastes including aluminum, copper, tin, titanium and their alloys as well as vanadium, niobium, and molybdenum master alloys. Kymera sells its technically developed products into a wide variety of end markets, including aerospace, medical, electronics, chemical, specialty auto, and numerous industrial applications.
Kymera International has manufacturing facilities in the U.S., Australia, Europe, and Asia.
Telex Metals is a global supplier of tantalum, tungsten, and niobium particulates. Telex converts tantalum-containing secondary raw materials into high purity products that are supplied to, among others, the medical market where demanding specifications are required. Telex also produces material for the hard metals, electronics, and superalloys industries such as the aerospace sector. Telex is based out of Croydon, PA.
About Palladium Equity Partners, LLC
Palladium is one of the oldest minority-owned private equity firms in the country with over $3 billion of assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance, and operational oversight. Since its founding in 1997, Palladium has invested over $3 billion of capital in 38platform investments and 145 add-on acquisitions, realizing 22 of these platform investments. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million.The principals of the firm have significant experience in consumer, services, industrials, and healthcare businesses. Palladium is based in New York City.