Artemis Capital Partners, a Boston-based private equity firm, has purchased McDanel Advanced Ceramic Technologies LLC, a manufacturer of industrial and technical ceramics.
McDanel develops tubular ceramics and components using engineered compounds to for high-temperature, corrosive and severe shock environments. The deal represents the most recent acquisition within Artemis’ advanced materials practice. McDanel will continue to operate as an independent company from its headquarters in Beaver Falls, Pa.
“Leveraging Artemis’ experience and track record within advanced materials, McDanel represents a highly defensible platform whose mission is to serve its customers with a unique portfolio of high-purity products and excellent service, while providing a stable and high-quality environment for employees,” comments Rudi Coetzee, Artemis operating partner.