HYPERION MATERIALS&TECHNOLOGIES SIGNS AGREEMENT TO ACQUIRE AGGRESSIVE GRINDING SERVICE

Hyperion Materials & Technologies, a world-leading materials science company developing hard and superhard materials for a wide range of industries and applications, has announced the signing of an agreement to acquire Aggressive Grinding Service (AGS), a Pennsylvania-based company specializing in precision carbide and ceramic grinding.

Founded in 1988 and located in Latrobe, just east of Pittsburgh, AGS specializes in grinding and machining, including surface, centerless, OD, and peel grinding, as well as electrical wire discharge machining (EDM) and wheel dressing services. The company employs about 90 workers operating the latest in advanced grinding and machining equipment.

For Ron Voigt, CEO of Hyperion, “AGS has been a business partner of ours for years and has an excellent reputation for quality work and fast, consistent turnaround times. We are excited to work together to expand our portfolio, streamline our workflow process and improve our responsiveness while remaining a non-rival supplier to our customers.

“Our focus on quality, delivery, continuous improvement, innovation and, most importantly, a skilled and engaged workforce, aligns with Hyperion’s mission to apply materials science, engineering and manufacturing expertise to position customers to win,” says Lester Sutton, founder of AGS.

The company will also enhance Hyperion’s capabilities and leadership in multiple high-growth markets, including pre-formed and custom carbide rod blanks for drilling tools, end milling and wear-resistant finished components such as can tooling for the metal packaging industry.