LT Corp. adds Kryton Engineered Metals

LT Corp. – the parent company of Quality Steel, LP Cylinder Service and Buckeye Fabricating – acquired Kryton Engineered Metals.

“We’re very excited to welcome Kryton and all its associates to our family of companies and look forward to working with the team there to build upon the previous success of Kryton’s engineered metal services business,” says LT Corp. President Sean Wessel in a news release. “The addition of Kryton helps us to further our overall corporate objectives for growth and diversification.”

Kryton was founded in 1981 as Iowa Metal Spinners and changed to Kryton in 2011. The company operates its manufacturing facility in Cedar Falls, Iowa, and is a producer of metal spinning products and fabrication solutions.

“After evaluating multiple potential buyers, I chose LT Corp. primarily because of a good cultural fit, but also because of the possibilities for continued growth for Kryton by adding together each organization’s expertise and core competencies,” says Kevin Harberts, Kryton’s owner for the past 42 years. “These combined resources will make for a stronger business with the depth and capacity to be an undisputed leader in the engineered metal services segment. Since LT Corp. is an ESOP company, I am proud that the legacy of Kryton will include our team being able to participate in this growth as shareholders in the future.”

The same management team will continue to lead Kryton, with Jason Mathern promoted to president.

Founded in 1982, LT Corp. is headquartered in Cleveland, Mississippi, and is part of the fabricated metal product manufacturing industry.

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