AMETEK Completes Sale of Reading Alloys to Kymera International
March 23, 2020 | AMETEKEstimated reading time: Less than a minute
AMETEK, Inc. today announced that it has completed the sale of its Reading Alloys business to Kymera International, a leading specialty materials company that is owned by affiliates of Palladium Equity Partners, LLC.
"This transaction completes our recent strategic portfolio review process and further strengthens our already strong balance sheet, which supports our capital deployment efforts," said David A. Zapico, AMETEK Chairman and Chief Executive Officer. "We wish Reading Alloys continued success and thank the team for their tremendous efforts through this process."
Based in Robesonia, Pennsylvania, Reading Alloys has annual sales of approximately $160 million and was sold for $250 million in an all-cash transaction.
Suggested Items
Indium Corporation to Showcase Proven EV Products and High-Reliability Alloys at Productronica China
02/28/2024 | Indium CorporationAs a materials pioneer and trusted partner in electric vehicle (EV) and e-Mobility manufacturing, Indium Corporation is proud to showcase its high-reliability alloys and soldering solutions at Productronica China, March 20-22, in Shanghai.
Nihon Superior’s Keith Sweatman Wins a Coveted SMTA International Best Paper Award
11/13/2023 | Nihon Superior Co. LtdNihon Superior Co. Ltd., a supplier of advanced joining materials, proudly announces that their Senior Technical Advisor, Keith Sweatman, has been honored with a coveted SMTA International Best Paper Award. This prestigious award was presented during the SMTA International 2023 Recognition Dinner, where Keith Sweatman was acknowledged as one of the four speakers who presented papers at the 2022 conference that were judged by their peers as the best in their respective categories.
Indium Earns Mexico Technology Award for Low-Voiding, Pb-Free Solder Paste
10/25/2023 | Indium CorporationIndium Corporation has earned a Mexico Technology Award for its new low-voiding, Pb-free solder paste,
Alloy Enterprises Launches Aluminum Cold Plate Components
10/25/2023 | PRNewswireAlloy Enterprises, the forward-thinking company that's redefining the metal fabrication industry for the next 100 years, announces the release of their aluminum cold plate component.
Nihon Superior’s Mr. Keith Sweatman to Present at the 2023 SMTA International Technical Conference
09/27/2023 | Nihon Superior Co. Ltd.Nihon Superior Co. Ltd. is pleased to announce that Keith Sweatman, the company's Senior Technical Advisor, will deliver a presentation titled "A Path to Ductile Low-Temperature Solders for Mass Production of Electronic Assemblies" at the upcoming SMTA International conference and exposition.