Kinetics acquisition positions Dynacast as a global MIM front-runner
Dynacast, a global manufacturer of small, engineered metal components headquartered in Charlotte, North Carolina, USA, has announced that on or about September 30, 2014, Kinetics Climax, Inc., a Metal Injection Moulding manufacturer based in Wilsonville, Oregon, USA, will become a wholly owned subsidiary of Dynacast International Inc. Simon Newman, Dynacast’s Chief Executive Officer, stated that, “This acquisition establishes Dynacast not only as a premier precision component manufacturer globally, but also as a front-runner in the growing Metal Injection Moulding market.”
Kinetics is one of the largest MIM companies in North America. Dynacast stated that Kinetics is a leader in the MIM industry and added that the business is synonymous with quality and performance, bringing exciting technology and experience to Dynacast. Kinetics’ experience in complementary markets, including the medical and automotive industries, aligns with Dynacast’s expertise and the acquisition is expected to be a mutually beneficial relationship for both companies and their customers.
Dynacast’s statement added that its in-house tooling expertise and design innovation will enhance Kinetics’ MIM manufacturing processes. In turn, by leveraging Kinetics’ technology and MIM experience, Dynacast will be able to accelerate the development of its own existing MIM operations, adding even greater value to their customers and solidifying their position as a leading multi-faceted supplier in the global precision metal marketplace.
In February 2013 Dynacast announced that it was adding MIM production to its service offerings. The addition of MIM as a manufacturing process, stated the company at the time, meant that it would be able to expand its ability to produce small, complex components using a wider variety of metals including stainless steel, titanium and copper. Using its proprietary die cast and Metal Injection Moulding technologies, Dynacast serves companies in automotive, consumer electronics, healthcare, hardware, computers and peripherals and many other industries. Dynacast operates 22 manufacturing facilities in sixteen countries worldwide and has some 5500 employees.
As reported in the June 2014 issue of PIM International, Dynacast’s two new MIM operations in Singapore and Chicago have been fully launched. Dynacast made a capital investment of $6.6 million in establishing its Singapore and Chicago MIM plants and whilst sales generated by these plants in 2013 were negligible, 2014 was reported as very positive with a number of MIM components already in production.
