Metal Powder Products LLC, a portfolio company of Mill Point Capital, has acquired Indiana-based NetShape Technologies Inc, a provider of engineered metal components using powdered metal and metal injection molding technologies. No financial terms were disclosed.
February 16, 2018 03:19 PM Eastern Standard Time
WESTFIELD, Ind.–(BUSINESS WIRE)–Metal Powder Products LLC (“MPP”), a Mill Point Capital portfolio company, announced today that it has acquired NetShape Technologies Inc. (“NetShape”), a leading manufacturer and solutions provider of engineered metal components using powdered metal and metal injection molding (“MIM”) technologies headquartered in Floyds Knobs, IN.
“The combination of MPP and NetShape creates a global leader in powdered metal manufacturing,” said Dennis McKeen, President & CEO of MPP. “The combined company’s increased scale and capabilities will provide our customers with unmatched quality and service.”
“MPP and NetShape are a perfect fit from a business perspective,” commented Dax Whitehouse, CEO of NetShape. “The two businesses strongly complement each other, and we look forward to building upon our respective strengths.”
“The NetShape acquisition provides MPP with key strategic additions such as MIM capabilities and a Chinese manufacturing footprint,” said Chuck Spears, Executive Chairman of MPP. “The combination reflects MPP’s continued focus on investments that drive value for customers and enhance the company’s culture of quality and reliability.”
About Metal Powder Products
Headquartered in Westfield, IN, Metal Powder Products is a leading global provider of custom-engineered powder metallurgy solutions for industrial applications. The company is a leader in the innovation of material formulation, sintering, densification and powder metallurgy joining techniques. The company’s nine production facilities in the U.S. and China specialize in the production of various components, including custom-engineered gears and sprockets, complex structural parts, high strength aluminum parts and components requiring unique mechanical and physical properties, for use in high stress, wear and magnetic applications. For more information, please visit http://www.metalpowder.com. MPP is a portfolio company of Mill Point Capital.
About Mill Point Capital
Mill Point Capital is a middle-market private equity firm focused on control-oriented investments in the business services and industrial sectors. The firm works with executive partners to leverage its investment professionals’ experience while providing strategic and operational guidance to drive long-term value creation in its portfolio companies. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.