Kymera International, headquartered in Raleigh, North Carolina, USA, has closed its purchase of Telex Metals, Croydon, Pennsylvania, acquiring 100% of the shares. The terms of the transaction were not disclosed.
Telex is a global supplier of tantalum, tungsten and niobium particulates. The company converts raw materials containing tantalum into high-purity products that are supplied to a variety of markets with demanding specifications.
“Partnering with Kymera will allow Telex to propel our growth initiatives to the next level,” stated Matt Danish, CEO of Telex. “We are excited to be joining Barton and the Kymera team and anticipate this to be mutually beneﬁcial to our business and key customers.”
“Telex is an outstanding company with an excellent product and end-market portfolio that fits in perfectly with our existing business,” added Barton White, CEO of Kymera. “Matt Danish has assembled a highly talented group of individuals in a truly entrepreneurial environment. We love Telex’s dedication to ESG initiatives, including being a zero-discharge facility and we will strive to help Matt and Telex accelerate their growth trajectory.”
Kymera has been owned by afﬁliates of Palladium Equity Partners, LLC, a middle-market private equity ﬁrm with approximately $3 billion in assets under management, since 2018. This is the fourth acquisition for Kymera under Palladium’s ownership.