M&A
Hyperion buys Ultra-Met, an Ohio tungsten carbide maker serving defense
The acquisition combines manufacturers that Hyperion says have historically sourced a substantial portion of their carbide from Western producers.
Hyperion Materials & Technologies has acquired The Ultra-Met Company, an Urbana, Ohio, manufacturer of custom-molded tungsten carbide products for defense, aerospace and general industrial manufacturing.1
Hyperion acquired The Ultra-Met Company
Custom-molded tungsten carbide products for defense, aerospace and general industrial manufacturing
Hyperion’s acquisition of Ultra-Met was completed on October 1, 2026
Ultra-Met employees will join Hyperion’s broad-based ownership program
Source: Hyperion Materials & Technologies, Oct 14, 2026.
Sources
The deal brings together two manufacturers with a history of sourcing a substantial portion of their carbide from Western producers, according to Hyperion. Hyperion CEO Ron Voigt said the U.S. defense industry needs stable Western suppliers to meet its components and tooling needs.1
The acquisition closed Oct. 1, 2026, following customary regulatory approvals and completion of certain pre-closing conditions. Hyperion did not disclose a purchase price or financing terms in its announcement. Ultra-Met employees will join Hyperion’s broad-based ownership program.1
The acquisition adds Ultra-Met’s custom-molded tungsten carbide products to Hyperion’s tungsten carbide and diamond tool blanks and wear parts. Ultra-Met President Neil Cordonnier said the company aims to reach a broader market and offer a more complete portfolio to industries including aerospace, defense and energy.1
Sources (1)
- Hyperion Materials & Technologies, "Hyperion Materials & Technologies Acquires The Ultra-Met Company" www.hyperionmt.com