Addition of CASL to Enhance & Grow Kymera’s Coatings & Surface Technologies Product Offerings
Research Triangle Park, NC, November 8, 2022 – Kymera International (“Kymera”), a global leading specialty materials company, announced today that it has acquired CASL Surface Technologies Corp. (“CASL”). With two manufacturing facilities in Alberta, Canada and a production site in Houston, Texas, CASL is a leading manufacturer of wear-resistant metallic and ceramic alloy coatings.

“CASL’s leadership team has built a tremendous company of talented people with industry leading knowledge in thermal spray applications. This acquisition will allow us to accelerate our coatings initiatives both organically and through M&A,” said Barton White, CEO of Kymera. “Combining the unique wear resistant specialty materials Kymera has organically developed in-house, with the innovative alloys and application expertise of CASL, will give our customers end-to-end performance and value.”

“The acquisition of CASL, Kymera’s sixth under Palladium’s ownership, is aligned with the company’s value creation plan to become a leading specialty materials manufacturer and solutions provider,” said Adam Shebitz, a Partner at Palladium. “CASL’s offering compliments the investments Kymera has made in its organic new product development capabilities, and unlocks exciting new growth opportunities.”

“CASL is thrilled to join the Kymera family where we expect the combination of our highly successful materials science-oriented teams, coupled with Kymera’s new product development focus and its global reach, will unlock the potential in CASL IP and generate extraordinary results”, said Scott McLaughlan, President & CEO of CASL.

The terms of the transaction were not disclosed.