Kentucky-based Braidy Industries acquires aluminium technology leader NanoAl

Braidy Industries, a manufacturer of metals for transportation and defense industries, announced it has acquired NanoAl LLC (NanoAl), a materials research and technology company dedicated to design, develop, and commercialize high-performance aluminium alloys based on scientifically-designed nanostructures. NanoAl will join the Braidy Atlas aluminium rolling mill and Veloxint in the Braidy Industries company portfolio of holdings.

Craig T. Bouchard, Braidy Industries Chairman and Chief Executive said, “We have been pleasantly surprised at the opportunity to grow our powder metallurgy business via acquisition. And, we have been approached by numerous parties to consider building our second rolling mill. We intend to pursue these opportunities.”

Braidy said in its press release that it believes the technology has the potential to enhance the specific strength of aluminium to be produced by its Braidy Atlas mill.

Veloxint Chief Executive and Chief Technology Officer of Braidy, Dr. Alan Lund said: “We believe NanoAl’s innovative approach will enable sheet aluminium 20 percent stronger than conventional grades, while maintaining lower cost. The technology also applies to powder metallurgy, including 3D printing applications, allowing additional synergies between the Braidy Atlas mill and Veloxint.”

 “This is another exciting step towards our goal of rebuilding Appalachia with cutting edge technology focused on lightweighting solutions.”

Dr. Nhon Q. Vo, Chief Executive, Chief Technology Officer and Co-Founder of NanoAl said, “Our new partnership with Braidy Industries and Veloxint provides the opportunity to scale our research and development capabilities and become the innovation leader in nano-science technology of light metals.”