Announced
Synopsis
Palladium Equity-backed Kymera International, a specialty materials and surface technologies company, agreed to acquire Fiven, a company specialized in silicon carbide, a material used a variety of industrial applications, from OpenGate Capital, a private equity firm. Financial terms were not disclosed. "Fiven has all of the strong attributes we look for in an acquisition. They have an excellent reputation for quality and service, are aligned with Kymera's strategy of focusing on attractive end markets such as electronics, aerospace and defense, and have an outstanding management team and dedicated workforce. We are excited to partner with Falk and his team to continue growing Fiven and capitalize on the numerous operational and commercial synergies we have already identified," Barton White, Kymera CEO.
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