Hyperion Materials & Technologies Acquires Damen Carbide Tool Co. Operations

Hyperion Materials & Technologies Acquires Dura-Metal Products Corporation

May 18, 2023

Manufacturing

Hyperion Materials & Technologies announced an agreement to acquire Dura-Metal Products Corporation, a Pennsylvania-based manufacturer of wear- and corrosion-resistant precision tools and components. Dura-Metal will join Hyperion’s Precision Solutions business unit to expand the platform’s large-component machining, grinding, EDM and finishing capabilities for end markets including aerospace, energy and medical.

Hyperion Materials & Technologies Acquires Crafts Technology

April 15, 2021

Manufacturing

Hyperion Materials & Technologies acquired Crafts Technology, a precision manufacturer of cemented tungsten carbide components, to broaden its engineered hard- and super-hard-materials capabilities and global footprint. Crafts Technology will continue to be led by President and CEO Jeffrey Taylor, and Prairie Capital Advisors served as financial advisor to Crafts on the transaction.

Hyperion Materials & Technologies Acquires GLE Precision

September 9, 2021

Manufacturing

Hyperion Materials & Technologies has acquired GLE Precision, a Michigan-based precision manufacturer specializing in extreme tolerances, tungsten carbide and ceramic grinding, and custom small parts. The acquisition expands Hyperion's precision machining and extreme-tolerance capabilities to better serve end markets including semiconductor, fiber optics, medical and aerospace.

Hyperion Materials & Technologies Acquires Prism Technologies, Inc.

April 29, 2024

Manufacturing

Hyperion Materials & Technologies announced an agreement to acquire Prism Technologies, Inc., an Elizabeth, Pennsylvania-based manufacturer of compaction tooling, specialty components and wear parts. Prism will be integrated into Hyperion’s Precision Solutions business unit to add compaction tooling capabilities and capacity; the transaction is expected to close subject to customary conditions.

Helios Technologies Acquires Daman Products

September 7, 2022

Manufacturing

Helios Technologies has acquired the assets of Daman Products Company, a Mishawaka, Indiana-based designer and manufacturer of precision hydraulic manifolds. The acquisition strengthens Helios' Hydraulics segment by adding Daman's manifold design and manufacturing capabilities, expanding product offerings and enabling horizontal product-line integration across industrial and mobile end markets.

CERATIZIT Acquires Xceliron Corp.

September 14, 2023

Manufacturing

CERATIZIT S.A. (part of the Plansee Group) has acquired all shares of Xceliron Corp., a Chatsworth, California-based manufacturer of special solid carbide round tools serving the aerospace and automotive markets. Xceliron founders Randy Jones and Ric DiOrio will remain in management; financial terms were not disclosed. The deal expands CERATIZIT’s specialty tooling capabilities and strengthens its North American aerospace and automotive offering.