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Hyperion Materials & Technologies acquires precision manufacturer GLE

Hyperion Materials & Technologies acquires precision manufacturer GLE
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Prairie Capital Advisors represents Crafts Technology in sale to Hyperion Materials & Technologies


Prairie Capital Advisors represents Crafts Technology in sale to Hyperion Materials & Technologies
Prairie Capital Advisors logo
Updated 5/11/2021 9:29 AM
OAKBROOK TERRACE, IL May 10, 2021 Prairie Capital Advisors, Inc. is pleased to announce Crafts Technology has been acquired by Hyperion Materials & Technologies, a portfolio company of KKR. Prairie acted as exclusive financial advisor in this transaction to Crafts and its shareholders and was led by Anthony Dolan of Prairie. Terms of the transaction were not disclosed
With a history dating back to 1860, Crafts Technology strives to deliver the most advanced systems and tooling that continually enhance the utilization & performance of industrial equipment. Headquartered in Elk Grove Village, Illinois, Crafts offers decades of experience in developing products that demand super-hard materials in order to achieve maximum wear life, corrosion resistance and optimal performance for each application. ....

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Hyperion Materials in Worthington expands by buying two firms


Hyperion Materials & Technologies has acquired two companies, expanding the reach of the Worthington-based specialist in super-hard materials. 
Hyperion this week announced that it bought Crafts Technology, an Illinois-based manufacturer of custom cemented carbide products. Terms of the deal were not disclosed.
“This move positions us as a leading provider of finished tailor-made tungsten carbide components used in demanding applications for critical end-user markets that include aerospace, automotive, precision rotary cutting, medical, electronics, and fluid handling and dispensing,  said Hyperion CEO Ron Voigt in a news release.
Jeffrey Taylor will remain as president of Crafts, which employs more than 40 workers.
The Crafts purchase follow Hyperion s January purchase of NanoDiamond Products, an Irish manufacturer of synthetic diamonds. NanoDiamond employs more than 20 workers.  ....

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