KKR-backed Hyperion Materials & Technologies to acquire Sinter Sud.

KKR-backed Hyperion Materials & Technologies, a manufacturer of materials, agreed to acquire Sinter Sud, an Italy-based manufacturer of cemented carbide products. Financial terms were not disclosed. "Sinter Sud has nearly 50 years of experience making premium tungsten carbide products and has established an especially strong presence in Europe supplying carbide rod blanks for drilling and end milling applications. Bringing Sinter Sud into the Hyperion family of companies that includes another carbide rod market leader in AFC Hartmetall broadens our product portfolio and further expands our position as a full-service global provider for toolmakers," Ron Voigt, Hyperion CEO.