M&A Deal Summary

Hyperion M&T Acquires Damen Carbide

On July 29, 2024, Hyperion M&T acquired manufacturer Damen Carbide

Acquisition Highlights
  • This is Hyperion M&T’s 7th transaction in the Manufacturing sector.
  • This is Hyperion M&T’s 6th transaction in the United States.
  • This is Hyperion M&T’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2024-07-29
Target Damen Carbide
Sector Manufacturing
Buyer(s) Hyperion M&T
Deal Type Add-on Acquisition

Target

Damen Carbide

Wood Dale, Illinois, United States
Damen Carbide specializes in grinding and EDM finishing of carbide and ceramic components. The company develops tools for metal packaging, slitting, sawing, and various general industrial applications. Damen Carbide is based in

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Buyer(S) 1

Buyer

Hyperion M&T

Worthington, Ohio, United States
Category Company
Founded 2017
Sector Manufacturing
Employees1,400
DESCRIPTION

Hyperion M&T is a manufacturer of industrial tool component products using cemented carbide, cubic boron nitride, and synthetic diamond – high-quality materials known for their hardness and toughness. Hyperion M&T was founded in 2017 and is based in Worthington, Ohio.

DEAL STATS #
Overall 10 of 10
Sector (Manufacturing) 7 of 7
Type (Add-on Acquisition) 9 of 9
State (Illinois) 2 of 2
Country (United States) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-29 Prism

Elizabeth, Pennsylvania, United States

Prism is a compaction tooling, specialty components, and wear parts manufacturer that provides hard materials solutions to a global customer base. Prism was founded in 1998 and is based in Elizabeth, Pennsylvania.

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