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Further expansion for Bowman as second sintering company acquired

Bearings and sintering specialist Bowman International has acquired most of
the assets of the sintering division of MPC Industrial Solutions, after the
sintered iron components manufacturer went into administration in October
last year.

All stock, tooling, goodwill and various other items have been purchased
from the administrator.

This is the second acquisition by Bowman in the last year, following its
earlier purchase of Oilite Bearings Ltd. The acquisitions strengthen
Bowman’s prominent position in the sintered parts market and will greatly
expand its export sales.

"We are delighted to be making another substantial addition to our
business," said Bowman managing director Paul Hancock. "It means we can
offer customers an even better service and an even wider range of
components."

Derbyshire-based MPC Industrial Solutions, formerly known as EGA Sinter,
produced structural sintered iron parts and iron bearings for a wide range
of applications worldwide, including motor cycles, power tools, vacuum
cleaners, motor vehicles, water pumps etc.

The company’s sales manager Steve Eaton will be transferring to a similar
role at Bowman.

Despite the recession, Bowman has been seeing an almost overwhelming demand
for its sintered components as more and more people become aware of the
substantial cost savings from this manufacturing technique.

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