Substantially all of the assets of Royal Metal Powders, Inc. acquired by Kymera International

Chicago, Illinois – February 27, 2024; City Capital Advisors, a Chicago-based middle market investment bank, is pleased to announce that it acted as exclusive financial advisor to the owner of Royal Metal Powders, Inc. in connection with the sale of substantially all of the assets of the Company to Kymera International.

The acquisition was predicated on Royal’s decision which they cite declining market conditions as the driving factor. Royal is based in Maryville, Tennessee and is a manufacturer of water and air atomized powders, including copper, brass, bronze, nickel/silver, tin and phos copper. Under the continued leadership of Mike Lutheran, President of Royal (who will be joining Kymera as a Senior Vice President), Kymera will continue operations at Royal’s facility until all production can be moved to Kymera production sites in North Carolina, Pennsylvania and Germany.

“The copper powder markets have encountered headwinds over the past few years, but we remain committed to ensuring Kymera and Royal’s customers receive timely and high-quality supply of these critical materials for decades to come,” comments Barton White, CEO of Kymera. “As demonstrated by our recent $20 million expansion of our North Carolina facility, Kymera is positioned to provide uninterrupted, long-term supply for the entire market.”

“We are pleased that Kymera continues to demonstrate its unwavering commitment towards the copper powder market. Following the recent expansion undertaken at Kymera’s RTP facility, the acquisition of Royal’s assets reinforces Kymera’s position as a well-capitalized and high growth supplier of niche specialty materials,” adds Adam Shebitz, Partner at Palladium Equity Partners.

The terms of the transaction were not disclosed.

About Kymera International

Kymera International, through acquisitions, can trace its roots back to the 1800’s. Today, Kymera International is a U.S. owned, leading global developer and manufacturer of advanced specialty materials and high-performance surface coatings. Kymera sells its technically developed products into a wide variety of end markets, including aerospace, defense, medical, electronics, chemical, specialty auto, additive manufacturing, and numerous industrial applications. Kymera International has manufacturing facilities in the U.S, Canada, Australia, Europe, UK and Asia. For more information visit www.kymerainternational.com.