CapMan becomes major shareholder in MPT Metals and Powders from Sweden.

Capman, a Helsinki, FInland-based privtae equity house, announced that it has acquired a majority holding in Swedish Metals and Powders Holding AB (MPT).

The transaction has the financial details undisclosed and was made through the fund CapMan Buyout IX, established in December 2008.

MPT is a family-owned company specialised in the production of metal powders and crushed metals especially for the global welding, steel and foundry industries. MPT's current CEO and owner Thomas Klier will remain significant owner in the Company after the transaction.

MPT is one of the world's leading producers of metal powders to the welding industry, particularly ferrochrome. The metal powders manufactured by MPT are used in the production of welding consumables such as electrodes and wires. Other significant application areas for the metal powder products are in the coating and foundry industries, among others. MPT also manufactures crushed metals for the many needs of the metallurgical market.

MPT is located in the town of Ekshärad in western Sweden. The company has a strong growth history and it posted a turnover of EUR 64.1 million in 2008.