Metal Powder Products completes aquisition of NetShape Technologies

Metal Powder Products LLC, a Mill Point Capital portfolio company, announced today that it has acquired NetShape Technologies Inc., a leading manufacturer and solutions provider of engineered metal components using powdered metal and metal injection molding 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."