Hyperion Materials & Technologies Acquires Crafts Technology

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 Damen Carbide Tool Co. Operations

July 29, 2024

Manufacturing

Hyperion Materials & Technologies has entered a definitive agreement to acquire the operations of Damen Carbide Tool Co., Inc., a Wood Dale, Illinois-based specialist in carbide and ceramic grinding and EDM finishing. The asset purchase will fold Damen Carbide into Hyperion's Precision Solutions business unit to expand its carbide component manufacturing and finishing capabilities; key Damen leaders will remain in place and the transaction is expected to close in early Q3 2024.

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.

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.

ARCH Precision Components Acquires Metalcraft Technologies

November 17, 2021

Aerospace & Defense

ARCH Precision Components, a Madison Dearborn Partners portfolio company, has acquired Metalcraft Technologies Inv., LLC (MTI) of Cedar City, Utah as an add-on to expand ARCH's aerospace and defense manufacturing footprint. MTI, a 30+-year sheet metal fabrication and aircraft-components manufacturer operating roughly 150,000 sq. ft. across two facilities, brings additional sheet-metal fabrication, machining and surface-treatment capabilities to the ARCH platform.

Innova Engineered Plastics (Culper Capital Partners) Acquires PolyCraft Tech

August 29, 2025

Manufacturing

Innova Engineered Plastics, a portfolio company of Culper Capital Partners, has acquired PolyCraft Tech, a Poway, California-based manufacturer of precision cast urethane enclosures and components. The transaction closed on August 29, 2025 and expands Innova’s cast urethane and West Coast manufacturing capabilities; Generational Group advised PolyCraft Tech on the sale.