GRIPM acquires majority stake in Makin Metal Powders
March 5, 2014
GRIPM Advanced Materials Co., Ltd, a producer of electrolytic copper powder based in Beijing, China, has acquired a majority stake in Makin Metal Powders (UK) Ltd, Rochdale, UK. The combined group will have production capacity of over 21,000 tonnes per annum providing a wide range of copper and other non-ferrous powders.
GRIPM is the largest supplier of electrolytic powders in China and plans to further develop its range of high quality dendritic, atomised and speciality products. Makin will continue to operate independently from its Rochdale facility whilst also working with GRIPM to expand its range of products and technical support offered.
“GRIPM is an ideal partner for Makin as they offer complimentary products which will allow the combined companies to build a truly global supplier to the Powder Metal industry,” stated Dr John Boden, Managing Director of Makin Metal Powders. Boden will continue to lead the Board of Directors, supported by the existing team of senior managers and workforce.
GRIPM’s parent company GRINM (General Research Institute for Nonferrous Metals) is the largest research institute in the field of non-ferrous metals industry in China employing over 4000 personnel and having a turnover of over $1 billion.
“GRIPM have long admired Makin’s expertise, products and professionalism and the two companies will work closely together to meet the growing market demands for copper and copper alloy powders. It is our intention for GRIPM and Makin to grow to become one of the best and strongest suppliers to the Metal Powder industry by utilising the extensive R&D and technical capabilities of our parent company GRINM,” stated Dr Limin Wang.