Jobs saved as metals group is sold

MORE than 40 jobs have been saved with the sale of North West manufactuer Makin Metal Powders.

The £22m-turnover Rochdale-based company was placed into administration on
July 31, but has been sold by KPMG Restructuring to an un-named UK consortium, securing the future of all 41 staff at the company.

MMP was established more than 50 years ago, is one of the largest bronze and copper alloy powder producers in the world.

Administrators received interest in the business from the US, Europe and the Far East.

Commenting on the deal, Paul Flint, associate partner at KPMG Restructuring in Manchester, said, “We are delighted to have been able to conclude a going concern sale which saves all of the jobs at Makin Metal Powders and provides greater certainty for the firm’s customers.”

MMP makes copper, copper alloy and tin powders  which are used as raw materials  for precision components used in a number of sectors including automotive, electronics, computing and industrial machinery.

Administrators were appointed after a slide in sales due to the slump in its key markets such as automotive.