Announced
Completed
Synopsis
LT Corporation, a manufacturer of fabricated plate work, completed the acquisition of Kryton Engineered Metals, an industrial engineering company that manufactures spun metal components, spinning, cutting and fabrication equipment. Financial terms were not disclosed. “After evaluating multiple potential buyers, I chose LT Corp. primarily because of a good cultural fit, but also because of the possibilities for continued growth for Kryton by adding together each organization’s expertise and core competencies. These combined resources will make for a stronger business with the depth and capacity to be an undisputed leader in the engineered metal services segment. Since LT Corp. is an ESOP company, I am proud that the legacy of Kryton will include our team being able to participate in this growth as shareholders in the future,” Kevin Harberts, Kryton Owner.
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