Hyperion Acquires Crafts Technology
Complementary deal enhances global manufacturer’s tailor-made tungsten carbide capabilities
Hyperion Materials & Technologies, a US materials science company, has announced the acquisition of Crafts Technology, a US-based high-precision provider of tailor-made cemented tungsten carbide solutions.
This announcement follows Hyperion's split two years ago from Sandvik, and last year's acquisition of NanoDiamond Products (NDP) in Ireland, which manufactures a variety of materials used to lap and polish electronics components.
While the Crafts acqusition does not directly impact the synthetic diamond materials and services Hyperion provides for making semiconductors, the move expands Hyperions's overall portfolio, capabilities and application expertise, according to the company.
“We are thrilled to combine Crafts Technology's complementary engineering expertise and manufacturing capabilities with Hyperion's materials expertise and global footprint,” said Ron Voigt, CEO of Hyperion.
Crafts, which has a legacy that spans more than 100 years, shares Hyperion's mission of applying materials science, engineering, and manufacturing expertise to develop novel and creative engineered solutions that enhance the performance and productivity of its customers. In addition to developing engineered solutions from tungsten carbide, Crafts possesses expertise in polycrystalline diamond (PCD), advanced ceramics, high-strength steels, and other innovative materials.
Hyperion, headquartered in Worthington, Ohio, is known for making hard and super-hard materials with nearly 70 years of experience in cemented carbide, diamond, and cubic boron nitride technologies. Hyperion specialises in premium base materials, toolmaker components, engineered products, and process tools and solutions for a range of applications.