WORTHINGTON, Ohio, April 15, 2021 /PRNewswire/ — Hyperion Supplies & Applied sciences, a number one international supplies science firm that focuses on growing superior exhausting and super-hard supplies for a variety of industries and purposes, at this time introduced the acquisition of Crafts Expertise, a high-precision supplier of tailored cemented tungsten carbide options.
“We’re thrilled to mix Crafts Expertise’s complementary engineering experience and manufacturing capabilities with Hyperion’s supplies experience and international footprint,” stated Ron Voigt, CEO of Hyperion. “This transfer positions us as a number one supplier of completed tailored tungsten carbide parts utilized in demanding purposes for important end-user markets that embrace aerospace, automotive, precision rotary reducing, medical, electronics, and fluid dealing with and shelling out. Collectively, we are going to proceed to concentrate on service, innovation, and development as a non-rival provider to our prospects.”
Crafts, which has a legacy that spans greater than 100 years, shares Hyperion’s mission of making use of supplies science, engineering, and manufacturing experience to develop novel and inventive engineered options that improve the efficiency and productiveness of its prospects. Along with growing engineered options from tungsten carbide, Crafts possesses experience in polycrystalline diamond (PCD), superior ceramics, high-strength steels, and different modern supplies.
“Crafts and Hyperion have a decades-long historical past of collaboration, courting again to when Hyperion was part of Sandvik,” stated Jeffrey Taylor, President and CEO of Crafts. “Hyperion has at all times delivered supplies of exceptionally constant high quality with outstanding service and assist that has empowered us to develop optimum options for our prospects. Now, we are able to work collectively as colleagues to offer even larger worth throughout a broader vary of industries and a wider geographic footprint.”
Voigt added, “We stay up for what we are able to accomplish collectively. Our firm cultures are already very a lot aligned, supporting a mannequin targeted on worker engagement by possession, innovation and steady enchancment.”
Taylor will proceed to steer Crafts Expertise as President, reporting into the Hyperion group.
Prairie Capital Advisors Inc. served as monetary advisor to Crafts.
About Hyperion Supplies & Applied sciences
About Crafts Expertise
Crafts, situated in Elk Grove Village, In poor health., USA, is a provider of tailored merchandise product of superior supplies. Go to CraftsTech.net or try Crafts’ LinkedIn web page to be taught extra.
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SOURCE Hyperion Supplies & Applied sciences
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