Kemet, a manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, has completed its acquisition of all of the outstanding shares of Niotan Incorporated, a manufacturer of tantalum powders, from an affiliate of Denham Capital Management.

Kemet paid an initial purchase price of $30 million at the closing of the transaction, and will make additional deferred payments of $45 million over a thirty month period after the closing. Kemet will also be required to make quarterly royalty payments for tantalum powder produced by Niotan after the closing of the transaction, in an aggregate amount equal to $10 million by December 31, 2014.

This new subsidiary, which will be named Kemet Blue Powder, has its headquarters and principle operating location in Carson City, Nevada.