WORTHINGTON, Ohio — Hyperion Materials & Technologies, a leading global materials science company focused on the hard and super-hard materials space for high precision applications, today announced the completion of its acquisition of NanoDiamond Products (NDP), a solutions provider in synthetic diamond and cubic boron nitride (CBN) products.
The transaction will expand Hyperion’s position as a leading global provider of synthetic diamond and CBN products, creating a combined organization that is well equipped to support customers across many industries, including stone cutting, electronics, oil & gas, and toolmaking.
“NDP does a phenomenal job in serving its customers in the stone and construction markets. This business is completely complementary to Hyperion’s, and we believe that combining resources gives us the opportunity to better serve more customers across a broader geography and in a wider range of end-user markets,” said Ron Voigt, CEO of Hyperion.
Karl Tuffy, CEO of NDP, commented, “Hyperion has been at the forefront of the industrial diamond industry since it produced the world’s first synthetic diamonds in the 1950s. NDP’s passion and focus is servicing our customers’ diamond and superabrasive needs, and we are very excited about becoming part of Hyperion to further enhance the value of our offerings.”
The management for NDP will remain in place and join Hyperion as leaders of a new business unit. NDP will continue to market and sell under the NDP brand. The integrated company will continue to focus on service, innovation and growth as a non-rival supplier to its customers.