Metal Powder Products acquired by Millstein & Co.

Westfield, Ind.-based Metal Powder Products, a manufacturer of aluminum and ferrous powder metal components, has been acquired by Millstein & Co., a diversified investment management and financial services firm with offices in New York and Washington, D.C.

Metal Powder Products, which has three factories in Pennsylvania, formerly was a subsidiary of Revere Industries, a manufacturer of metal and plastic components based in Indiana.

Simultaneous with the acquisition, existing Metal Powder Products executives have made equity investments into the company, becoming minority shareholders.