Addition of AmeriTi to Enhance and Compliment Kymera’s Titanium Product Offerings
Research Triangle Park, NC, April 6, 2022 – Kymera International (“Kymera”), a global leading specialty materials company, announced today that it has closed its transaction with AmeriTi Manufacturing Company (“AmeriTi”), acquiring substantially all their assets. Headquartered in Detroit, Michigan, AmeriTi is a leading manufacturer of value-added ferrotitnaium, titanium sponge, titanium powders, and specialty forms.
“AmeriTi is a growing company led by a talented, dedicated employee base that culturally aligns with our mission and objectives to be the leading manufacturer of speciality materials that shape the future,” stated Barton White, CEO of Kymera. “We believe this is a synergistic acquisition that will give our combined company strong technical and commercial resources to help fuel our growth in the aerospace, medical, defence, and industrial markets.”
“The sale of AmeriTi to Kymera is an exciting next step for the business. Kymera and AmeriTi together will continue to build the product lines and grow into new areas. The combined business will be able to build on its titanium experience and knowledge, and maintain its strong customer focus and service,” said Bob Swenson, the owner of AmeriTi for 25 years.
The terms of the transaction were not disclosed.