The Pennsylvania-based precision manufacturer will enhance Hyperion’s finished component capabilities.
WORTHINGTON, Ohio—Hyperion Materials & Technologies, a global materials science company that develops advanced hard and super-hard materials for a variety of industries and applications, has acquired Dura-Metal Products Corporation (Dura-Metal), Hyperion said in a release on its website.
Dura-Metal Products Corporation is a Pennsylvania-based company that manufactures wear- and corrosion-resistant precision tools and machined components from cemented carbides, advanced technical ceramics, ferroalloys, and high-speed steels.
“Dura-Metal has exceptional capabilities—in machining and grinding of large components, electrical discharge machining (EDM), honing, lapping, and jig grinding—that will expand and enhance our ability to serve customers in key markets that rely on custom precision wear parts, including aerospace, energy, battery manufacturing, electronics, medical, metalworking, and food and beverage,” said Hyperion Materials & Technologies Chief Executive Officer Ron Voigt, in a statement. “We’re excited to bring the team into the Hyperion family, and we’re already aligned in many important areas, including safety, quality, and building long-lasting relationships with our valued customers and business partners.”
Dura-Metal has been making precision ultra-hard parts and tooling for more than 50 years. The company employs more than 100 people at its 48,000-square-foot manufacturing facility about 30 miles southeast of Pittsburgh, Hyperion said in the release.
“We’re excited to combine Dura-Metal’s application engineering and product finishing abilities with Hyperion’s materials science expertise and global footprint,” said Joe Freiland, CEO of Dura-Metal, in the release. “We’re looking forward to this next chapter in our history and the exciting possibilities we can achieve together as we serve our collective and growing customer base.”
Hyperion said that in addition to serving its existing customers, Dura-Metal will become a vital part of the Precision Solutions by Hyperion® business unit that provides custom solutions and components for the most demanding applications. Precision Solutions includes Hyperion’s global facilities and is reported to maximize “the collective strength of additional world-class manufacturers Crafts Technology, GLE Precision and Aggressive Grinding Service (AGS) to provide specialized finishing capabilities for tailored, high-quality wear components.”