Metal Powder Products Completes Acquisition of NetShape Technologies

MPP Continues to Grow and Expand Capabilities with NetShape
Acquisition

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.

Contacts

Metal Powder Products
Anthony Nicks, +1 855-655-7492
press@metalpowderproducts.com