Orem-based U.S. Synthetic Corp. has agreed to be acquired by LongRange Capital, a private equity firm in Stamford, Connecticut. ChampionX Corp. of The Woodlands, Texas, was the previous owner of U.S. Synthetic.
Founded in 1978, U.S. Synthetic is a provider of highly engineered polycrystalline diamond (PCD) technologies, including PCD inserts, bearings and other synthetic diamond science products for the energy, mining and industrial end markets. The company holds over 600 patents globally for synthetic diamond-based technologies.
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