Hyperion celebrates year anniversary
Hyperion Materials & Technologies has recently marked its first year as an independent company following an investment from KKR and is moving forward on a path of growth and development.
“In just a year we have cemented the leadership team, established an independent presence around the world and engaged our entire workforce through an employee equity programme, all of which has allowed us to focus even more on innovating for our customers and creating best-in-class products,” said Ron Voigt, CEO of Hyperion.
One recent example includes the spring launch of the BZN Compacts VS-Series, which features a new chain of polycrystalline cubic boron nitride (PCBN) grades for fabrication into tools capable of higher levels of productivity, precision and consistency in hardened steel turning and milling and powder metal machining.
With employee engagement being a hallmark of KKR’s Industrials team’s investment philosophy, KKR and Hyperion in February rolled out the Hyperion Ownership Participation Programme as a key driver in supporting employees and building a stronger company. The centerpiece of the programme has been to make employees owners in the business by granting them equity. Beyond sharing ownership, employees are also supported with training across multiple functional areas, improvements in safety and support for the company’s involvement in the community.
“The programme has changed our mindset from being employees of the company to being owners because we all share in the value we create together,” Voigt said.
Working together with KKR, Hyperion’s future growth plans include:
- Continuing to engage and develop the global workforce of nearly 1,600 through training and employee ownership
- Expanding the company’s reach and expertise, both organically and through acquisitions
- Concentrating on commercial excellence by accelerating the introduction of new technologies to support existing customers and attract new ones
- Completing a lean conversion of manufacturing processes to increase efficiency and performance