Royal manufactures water and air atomized powders, including copper, brass, bronze, nickel/silver, tin and phos copper. Under the continued leadership of Mike Lutheran, president of Royal (who will be joining Kymera as a senior vice president), Kymera will continue operations at Royal’s facility until all production can be moved to Kymera production sites in North Carolina, Pennsylvania and Germany.
“The copper powder markets have encountered headwinds over the past few years, but we remain committed to ensuring Kymera and Royal’s customers receive timely and high-quality supply of these critical materials for decades to come,” said Barton White, CEO of Kymera. “As demonstrated by our recent US$20 million expansion of our North Carolina facility, Kymera is positioned to provide uninterrupted, long-term supply for the entire market.”
“We are pleased that Kymera continues to demonstrate its unwavering commitment towards the copper powder market. Following the recent expansion undertaken at Kymera’s RTP facility, the acquisition of Royal’s assets reinforces Kymera’s position as a well-capitalized and high growth supplier of niche specialty materials,” added Adam Shebitz, partner at Palladium Equity Partners.
