Metal Powder Products, LLC. Announces Acquisition of Proform Powdered Metals, Inc.
Noblesville, IN – August 2, 2021 – Metal Powder Products, LLC (“MPP”), a Mill Point Capital portfolio company, announced today that it has acquired Proform Powdered Metals, Inc. (“Proform”), a manufacturer of high-quality sintered bronze bearings, bushings and spacers, headquartered in Punxsutawney, PA.
The acquisition of Proform further strengthens MPP’s position in the market, broadens its business platform to deliver high-quality products and services, generating greater efficiencies.
“As the leader in powdered metallurgy industrial applications, MPP is excited to announce the addition of Proform Powdered Metals, strengthening our position in sintered bronze bearings, copper parts and iron spacers,” said Dennis McKeen, CEO of MPP. “Proform’s best-in-class team, manufacturing facility, organization, and products are a perfect fit with MPP’s current products and customer base.”
Proform will continue operating and serving customers under the Proform company name. MPP will bring operational expertise and its global footprint to expand opportunities throughout the marketplace.
Headquartered in Noblesville, IN, MPP is a leading global provider of custom-engineered Powder Metallurgy/Metal Injection Molding (MIM) 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 eight 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 www.MPPinnovation.com. MPP is a portfolio company of Mill Point Capital.
About Mill Point Capital
Mill Point Capital LLC is an operationally-oriented private equity firm targeting control investments in lower-middle market businesses, with a focus on industrials, business services and IT services companies in North America. Mill Point’s experienced team of investors and Executive Partners seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY. For more information, please visit www.millpoint.com.