MAG Capital Partners, LLC has acquired an about 500,000-square-foot industrial manufacturing portfolio in a sale leaseback with Metal Powder Products, owned by Mill Point Capital.
MPP is a global provider of custom-engineered Powder Metallurgy/Metal Injection Molding (MIM) solutions for industrial applications. The company occupies production facilities in the United States and China specializing in the production of various custom-engineered components and high strength aluminum parts for use in a range of industries, from automobile production to medical devices and construction.
MAG Capital Partners purchased 596 W. Oak St. in Campbellsburg, Indiana. The 15.73-acre site serves as MPP’s global headquarters. Additionally, MAG Capital Partners bought four facilities near Pittsburgh: 700 Martha St., Punxsutawney, Pennsylvania.; 409 Third St., Falls Creek, Pennsylvania.; 150 Ford Road, St. Mary’s, Pennsylvania.; and 879 Washington St., St. Mary’s, Pennsylvania. The properties are situated on roughly 66 acres, offering centralized production, warehousing and distribution.
Many objects encountered in everyday life such as cars, smartphones, watches, medical devices, domestic appliances, cameras and power tools contain Metal Injection Molded parts and MPP is one of the world’s leading companies, serving more than 700 customers in 36 countries.
Newmark’s JC Asensio, Andrew Sandquist and Briggs Goldberg represented the seller in the transaction.
