Research Triangle Park, NC, May 8, 2023 \u2013 Kymera International (\u201cKymera\u201d), a global leading specialty materials company, announced today that it has closed its transaction with Thermal Spray Solutions, Inc. (\u201cTSS\u201d), acquiring substantially all their assets. Headquartered in Chesapeake, Virginia, TSS is a leading provider of high-performance thermal spray coatings for corrosion and wear resistance to the U.S. Navy, the shipbuilding sector, and key industrial customers throughout the United States.<\/p>\r\n\r\n\r\n\r\n
\u201cThe sale of TSS to Kymera aligns with our strategic goal of growing our specialty coatings business segment. The team at TSS has developed unique material and process solutions that extend the life of metal substrates and provides non-slip surfaces to areas such as naval aircraft carrier decks. These technologies, along with Kymera\u2019s in-house developed materials, will allow us to expand our product offerings in the U.S. and use Kymera\u2019s footprint to drive growth globally,\u201d commented \u201cKymera continues to execute on its M&A playbook, now closing its seventh acquisition under Palladium\u2019s ownership,\u201d said Adam Shebitz, a Partner at Palladium. \u201cThe addition of TSS is right on strategy as it accelerates Kymera\u2019s expansion into high-growth surface technologies and value-added specialty materials.\u201d<\/p>\r\n\r\n\r\n\r\n \u201cThermal Spray Solutions is excited to become a part of Kymera\u2019s Surface Technologies Group. Kymera\u2019s focus on coatings applications and new product development will put TSS in a significantly stronger position to support the rapidly growing opportunities within our existing DoD and commercial customer base,\u201d said Chris Nichols, VP Sales & Marketing and Co-founder of TSS.<\/p>\r\n\r\n\r\n\r\n The terms of the transaction were not disclosed.<\/p>\r\n\r\n\r\n\r\n About Kymera International<\/strong><\/p>\r\n Kymera International, through acquisitions, can trace its roots back to the 1800\u2019s. Today, Kymera International is a U.S. owned leading, global developer and manufacturer of advanced specialty materials and high-performance surface coatings. Kymera sells its technically developed products into a wide variety of end markets, including aerospace, defense, medical, electronics, chemical, specialty auto, additive manufacturing, and numerous industrial applications. Kymera International has manufacturing facilities in the U.S., Australia, Europe, and Asia. kymerainternational.com<\/p>\r\n\r\n\r\n\r\n