Kinetics is a wholly-owned subsidiary of Climax Engineered Materials LLC. It will be sold for US$55,000,000 less debt and transaction expenses.
"This acquisition will establish Dynacast not only as the premier precision component manufacturer globally, but also as a front-runner in the growing metal injection moulding market," said Simon Newman, Dynacast's CEO. "By adding Kinetics to our existing MIM portfolio, we will not only continue to build credibility in the marketplace, but accelerate the development of our existing MIM operations."
The transaction is expected to close at the end of September.
