Kymera Acquires Assets of Royal Metal Powders

Special materials and surface tech company Kymera International has closed its transaction to acquire the majority of the assets of Royal Metal Powders.

Royal Metal Powders stated the driving factor to sell the assets was due to declining market conditions. Royal, based in Maryville, TN, is a manufacturer of water and air atomized powders, including copper, brass, bronze, nickel/silver, tin, and phos copper.

Leadership will continue with Mike Lutheran, president of Royal (who will be joining Kymera as a senior vice president). Kymera will continue operations at Royal's facility until all production can be moved to Kymera sites in North Carolina, Pennsylvania, and Germany.

"The copper powder markets have encountered headwinds over the past few years, but we remain committed to ensuring Kymera and Royal's customers receive timely and high-quality supply of these critical materials for decades to come," said Barton White, CEO of Kymera. "As demonstrated by our recent $20 million expansion of our North Carolina facility, Kymera is positioned to provide uninterrupted, long-term supply for the entire market."

Kymera said in a statement that it ensures continuity of supply for the copper powder industry.