UPDATE: As of Tuesday, January 9th, 2018, Dynacast International Inc. and its operating divisions, Signicast and OptiMIM, will become a family of brands under a newly formed entity, Form Technologies. This article was published prior to this change.
CHARLOTTE, N.C., October 1, 2014 -- Dynacast is delighted to announce that on Wednesday, October 1st, Kinetics Climax, Inc. became a wholly owned subsidiary of Dynacast International Inc.
“This acquisition not only solidifies Dynacast’s standing as a premier precision component manufacturer globally, but also accelerates our position as a front-runner in the growing Metal Injection Molding market,” stated Simon Newman, Dynacast’s Chief Executive Officer.
Kinetics is a North American leader in the Metal Injection Molding (MIM) Industry. Like Dynacast, the business is synonymous with quality and performance, and brings exciting technology and experience to the organization.
Kinetics’ experience in complementary markets, including the medical and automotive industries, aligns with Dynacast’s expertise and the acquisition is expected to be a mutually beneficial relationship for both companies and their customers.
Dynacast’s in-house tooling expertise and design innovation will enhance Kinetics’ MIM manufacturing processes. In turn, by leveraging Kinetics’ technology and MIM experience, Dynacast will be able to accelerate the development of their own existing MIM operations. This will add even greater value to their customers and confirm their position as a leading multi-faceted supplier in the global precision metal marketplace.
About Dynacast International Inc.
Dynacast helps its customers bring their ideas to life with the highest quality engineered metal components on the planet. The organization boasts over 70 years’ experience pioneering the techniques and technologies that have redefined the industry. And customers get insight and expertise that adds value at every stage of the design and manufacturing process.
It’s why the most demanding organizations trust Dynacast to deliver against their most ambitious ideas, across a wide range of materials from multiple manufacturing facilities. It’s why both market leading companies and up and-coming challengers turn to Dynacast as their full-spectrum partner to help transform their ideas into final, flawless results. And it’s why today, across multiple industries and multiple geographies, Dynacast is the name synonymous with precision metal components.
For more information, please contact:
Simon Newman, CEO
Certain statements contained in this news release may constitute "forward looking statements." Forward-looking statements can generally be identified by the use of forward-looking terminology, such as "contemplate," "believe," "estimate," "anticipate," "continue," "expect," "intend," "predict," "project," "potential," "possible," "may," "plan," "should," "would," "goal," "target" or other similar expressions or, in each case, their negative or other variations or comparable terminology. Forward-looking statements express our opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results, and include all matters that are not historical facts. Although we base these forward-looking statements on assumptions that we believe are reasonable when made, we caution you that forward-looking statements are not guarantees of future performance. By their nature, forward-looking statements involve certain risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Actual outcomes or results may differ materially from those made in or suggested by the forward-looking statements. Factors that may cause actual outcomes or results to differ materially from forward-looking statements include those discussed in Part II, Item 1A. Risk Factors in our Form 10-K filed on March 14, 2014 and in any of our subsequent filings with the Securities and Exchange Commission.