The Crafts Technology family is very excited to announce that we have been acquired by Hyperion Materials & Technologies.
This acquisition will allow Crafts to continue to serve our customer base to the high standards each of our partners expect.
In addition, this acquisition will provide more opportunities for additional products and engineered solutions. By teaming up with the global leader in advanced materials we are able to freely collaborate on new technologies that will provide extreme benefit to our partners.
To ensure a smooth transition, Jeffrey Taylor will continue to lead Crafts Technology as President, reporting into the Hyperion organization.
Crafts has had a long partnership with Hyperion focusing on engineered materials.
We are excited to merge our expertise to strengthen & broaden Crafts offerings of Super Hard Material Solutions.
Crafts and Hyperion have a decades-long history of collaboration, dating back to when Hyperion was a part of Sandvik. Hyperion has always delivered materials of exceptionally consistent quality with remarkable service and support that has empowered us to develop optimal solutions for our customers. Now, we can work together as colleagues to provide even greater value across a broader range of industries and a wider geographic footprint.
We are thrilled to combine Crafts Technology’s complementary engineering expertise and manufacturing capabilities with Hyperion’s materials expertise and global footprint. 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. Together, we will continue to focus on service, innovation and growth as a non-rival supplier to our customers.
Here is the full press release on the acquisition.
WORTHINGTON, Ohio — Hyperion Materials & Technologies, a leading global materials science company that specializes in developing advanced hard and super-hard materials for a wide range of industries and applications, today announced the acquisition of Crafts Technology, a high-precision provider of tailor-made cemented tungsten carbide solutions.
“We are thrilled to combine Crafts Technology’s complementary engineering expertise and manufacturing capabilities with Hyperion’s materials expertise and global footprint” said Ron Voigt, CEO of Hyperion. “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. Together, we will continue to focus on service, innovation and growth as a non-rival supplier to our customers.”
Crafts, which has a legacy that spans more than 100 years, shares Hyperion’s mission of applying materials science, engineering, and manufacturing expertise to develop novel and creative engineered solutions that enhance the performance and productivity of its customers. In addition to developing engineered solutions from tungsten carbide , Crafts possesses expertise in polycrystalline diamond (PCD), advanced ceramics, high-strength steels and other innovative materials.
“Crafts and Hyperion have a decades-long history of collaboration, dating back to when Hyperion was a part of Sandvik,” said Jeffrey Taylor, President and CEO of Crafts. “Hyperion has always delivered materials of exceptionally consistent quality with remarkable service and support that has empowered us to develop optimal solutions for our customers. Now, we can work together as colleagues to provide even greater value across a broader range of industries and a wider geographic footprint.”
Voigt added, “We look forward to what we can accomplish together. Our company cultures are already very much aligned, supporting a model focused on employee engagement through ownership, innovation and continuous improvement.”
About Hyperion Materials & Technologies
Hyperion Materials & Technologies, headquartered in Worthington, Ohio, USA, is a global leader in hard and super-hard materials with nearly 70 years of experience in cemented carbide, diamond and cubic boron nitride technologies. Hyperion specializes in premium base materials, toolmaker components, engineered products, and process tools and solutions for the most demanding applications. With about 1,600 employees worldwide, Hyperion has its production footprint in North and South America, Europe and Asia, and sales in more than 70 countries. To learn more, visit HyperionMT.com or check out Hyperion’s profiles on LinkedIn or YouTube.
About Crafts Technology
Crafts Technology, located in Elk Grove Village, Ill., USA, is a supplier of tailor-made products in cemented carbide and other advanced materials for a wide range of industries, including electronics, aerospace, automotive, fluid dispensing and medical. Crafts was founded in 1893 and has more than 40 employees. Visit CraftsTech.net or check out Crafts’ LinkedIn page to learn more.
