Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time
The transaction will enhance the ability to supply tungsten carbide tool manufacturing and finished parts
Worthington, Ohio, November 3, 2021 /PRNewswire/ - Hyperion Materials & Technologies, the world's leading materials science company, develops hard and superhard materials for a wide range of industries and applications, today announced that it has signed an agreement to acquire Aggressive Grinding Service (AGS), which is a precision cemented carbide and ceramic grinding business located in Pennsylvania.
Ron Voigt, CEO of Hyperion, said: “Introducing AGS into the Hyperion Materials & Technologies family can increase the value and services we provide to North American customers in high-value markets and key industries.” AGS has been our business partner for many years. High-quality work and consistent and fast delivery times are highly praised. We are very happy to bring the capabilities of AGS internally, and jointly expand our product portfolio, simplify our work processes, and further improve our responsiveness, while maintaining our customers' non-competitive supplier status. "
Founded in 1988, AGS is located approximately 45 miles east of Pittsburgh at Latrobe. It offers a wide range of professional grinding and machining capabilities, including surface grinding, centerless grinding, outer diameter (OD) and peel grinding, and wire Electrical discharge machining (EDM) and wheel dressing services. The company has about 90 employees who operate the latest advanced grinding and processing equipment.
AGS will strengthen Hyperion’s capabilities and leadership in multiple high-growth markets, including custom and preformed carbide bar stocks for drilling and end milling tools, as well as finished wear-resistant parts, such as canning tools for the metal packaging industry .
Lester Sutton, founder of AGS, said: "As a one-stop shop and global leader in grinding services, we are delighted to have the opportunity to serve a wider range of customers in a larger geographic area. "Our focus on quality, delivery, continuous improvement, innovation, and most importantly, a skilled and dedicated workforce is consistent with Hyperion's mission of applying materials science, engineering, and manufacturing expertise to position customers to win."
The transaction is expected to be completed later this quarter, subject to customary closing conditions. The main business person in charge of AGS will remain in office and report to the Hyperion organization.
Alexandra Kusowski, Vice President of Marketing
Lester Sutton, founder and owner
About Hyperion Materials and Technology
Hyperion Materials & Technologies, headquartered in Worthington, Ohio, is a global leader in hard and superhard materials, with nearly 70 years of experience in cemented carbide, diamond and cubic boron nitride technologies. Hyperion focuses on providing high-quality basic materials, tool manufacturer components, engineering products, and process tools and solutions for the most demanding applications. Hyperion has approximately 1,700 employees worldwide, its production footprint is in North and South America, Europe and Asia, and it sells in more than 70 countries. To learn more, please visit HyperionMT.com or check Hyperion's profile on LinkedIn or YouTube.
Aggressive Grinding Service (AGS), headquartered in Latrobe, Pennsylvania, is a leader in the field of carbide grinding and advanced ceramic finishing in North America. To learn more, please visit AggressiveGrinding.com or check the AGS channel on YouTube.
SOURCE Hyperion Materials and Technology
More news releases on similar topics
Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time