Power Resources Group is one of the best metallic materials science company in the world. They believe in evolution through innovation and as a part of their growth plan, they recently took over Metalysis. Metaluysis is a metal and alloy powder manufacturing company based out of UK. They specialize in manufacturing 3D printing powder. They also excel in advance technology used in metallurgy. This merger signifies the importance of technological innovations in the metal manufacturing industry. It also has the support of British fund manager, Neil Woodford. He runs a firm Woodford Investment Management in the UK which has a more than 1 million pound stake in Metalysis. This happened in June when Woodford froze his equity income fund. Woodford’s stake in Metalysis received more than 90 million pounds funding in 2018.
This merger is a result of a worrying situation Metalysis was facing with investment and production. Metalysis has a manufacturing plant in South Yorkshire that needed new ownership. Power Resources Group is an innovative company. They are constantly looking out of new ventures. In case of this merger, everything fell in place perfectly as PRG was looking out for a firm that could work further on their materials with advance technologies. PRG owns mines of tantalum and niobium in Africa and Metalysis was the perfect match to explore this material further. Tantalum is used in mobile phone and niobium in alloys with high strength. PRG finds Metalysis a good fit for their refinery in North Macedonia. They are also expecting good results and growth from this merger for Britain. Metalysis was anyway facing major issues with finding vendors to outsource their materials and PRG was a good solution to this problem. Metalysis also showed a declining growth with an operating loss of more than 7 million pounds in 2018.