# Hyperion Materials & Technologies to acquire Damen Carbide Tool Co.

Hyperion Materials & Technologies has entered into a definitive agreement to acquire the operations of Damen Carbide Tool Co., a Wood Dale, Illinois-based company specializing in grinding and EDM finishing of carbide and ceramic components.

- Type: Acquisition
- Announced: 2024-07-24
- Where: Wood Dale, Illinois, United States
- Status: announced
- Products: carbide and ceramic components, tools for metal packaging, slitting, sawing
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Hyperion Materials & Technologies Inc.](https://endata.com/companies/42069.md) (acquirer)
- [Damen Carbide Tool Co.](https://endata.com/companies/78793.md) (target)

## Sources

- [hyperionmt.com](https://www.hyperionmt.com/en/Company/News/hyperion-materials--technologies--to-acquire-damen-carbide-tool-co.-in-asset-transaction/), 2024-07-24: "As we continue to grow our capabilities in carbide component manufacturing, the addition of the Damen Carbide operations expands our range of abilities to tailor custom parts to our customers’ requirements."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.