Hyperion Materials & Technologies Acquires Damen Carbide Tool Co. Operations
July 29, 2024
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.
- Targets
- Damen Carbide Tool Co., Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Transaction Type
- Buyout
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