Hyperion Technologies acquires Arno Friedrichs Hartmetall
Hyperion Materials & Technologies, a global materials science company focused on the hard and super-hard materials space for high precision applications, will acquire Arno Friedrichs Hartmetall GmbH & Co. KG and its affiliates (AFC).
AFC, based in Mainleus, Germany, is a global solutions provider in premium tungsten carbide blanks used in the manufacture of high precision rotary cutting tools for drilling and milling applications.
The combined company will continue to focus on service, innovation and growth that is well-equipped to support finished toolmakers in the metal cutting industry with a wide portfolio of products .
“We are thrilled to combine AFC’s leading innovation capabilities and differentiated manufacturing processes with Hyperion’s deep application expertise and materials science capabilities,” said Ron Voigt, CEO of Hyperion, based in Delft, Netherlands.
“AFC is a premier producer of cemented carbide rotary tool blanks with an exceptionally talented workforce and a great reputation for supporting its customers and addressing the most challenging needs. In combining the talent and capabilities of both companies, we will be able to enhance our product offering through customer-focused innovation and provide even greater value to our customers.”
“It is with great pleasure that I announce our partnership with Hyperion,” said Arno Friedrichs, CEO and founder of AFC.
“Given our shared focus on providing best-in-class products to finished tool manufacturers, this partnership is a perfect fit. The combination will strengthen both companies and support AFC’s continued development.”
At the close of the transaction, Friedrichs will step down as CEO and join Hyperion’s board of directors where he will contribute to the development of the combined business with his extensive industry knowledge and expertise. Long-time executive Ralf Greifzu, who has led global sales at AFC for seven years, will replace Friedrichs as vice president and general manager of AFC.
“Our partnership with Hyperion will enable AFC to drive further innovation and enable us to continue to provide even greater support to our customers through our combined footprint,” Greifzu said.