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AMETEK to Sell Reading Alloys to Kymera International

AMETEK signed a definitive agreement to sell its Reading Alloys business to Kymera International, a specialty materials company with manufacturing facilities in the U.S., Asia, Australia and Europe.

The transaction is expected to close in 1Q20.

Founded in 1953, Reading Alloys provides highly engineered materials for application in orthopedic implant manufacturing as well as other markets. Its products include master alloys, thermal barrier coatings and titanium powders. For orthopedic implant coatings, Reading offers CP Ti, Ti 6A/4V, magnesium and sodium reduced Ti sponge. 

"As part of our strategic portfolio review process, we have made the decision to divest our Reading Alloys business," said David A. Zapico, AMETEK Chairman and CEO. "Reading Alloys is well-positioned for continued strong growth given its leading market positions and differentiated manufacturing capabilities. We would like to thank the Reading Alloys team for their tremendous contributions to AMETEK and wish them continued success."

"Reading Alloys in an outstanding company with highly skilled people, excellent products and an end market portfolio that fits in perfectly with our existing business," commented Barton White, CEO of Kymera International. "The acquisition will allow our two companies to combine strong technical and commercial resources to help fuel future growth of the business."

Kymera International is presently focused on non-ferrous powders, granules and pastes including aluminum, copper, tin and their alloys, which it sells to a range of end markets, including additive manufacturing applications.