No they're not....
C2 Development, Inc.
127 S. Bell Ave.
Ames, IA 50010
Also, this was a merger, not a buyout.
http://companies.findthecompany.com/l/2041213/C2-Development-Inc-in-Ames-IA $1.1 million annual revenue
Kessil is a sub unit of DiCon Fiberoptics, Inc (which is a large, privately held, company ~$100-$500 million annual revenue), so the value is difficult to ascertain.