High Street Capital has acquired Knight Material Technologies (KMT), formerly Koch Knight, LLC, a Koch Engineered Solutions (KES) company and subsidiary of Koch Industries, Inc. Koch will remain a key customer of KMT, and the two companies will continue to maintain a strong relationship.
High Street Capital intends to invest in KMT’s technology, innovation plan and infrastructure to grow its market share, relying on its existing management team and employees. The current management team will remain in place, and KMT has plans to ensure services and materials continue at current production levels without interruption.
The transfer of ownership aligns with other companies in the High Street Capital portfolio of industrial manufacturers, processors and service organizations. The equity firm has a long history of investing and growing niche manufacturing businesses.
Demand for KMT products and services has been increasingly growing during the past few years. As a result of the change in ownership, the company will be well-positioned to expand manufacturing production, including the popular Flexeramic® ceramic structured packing systems and other proprietary materials.