Nichols Portland acquires Neota Product Solutions to expand MIM portfolio
June 14, 2023
Thomas K Houck, president and CEO of Nichols Portland Inc, headquartered in Portland, Maine, USA, has announced that Nichols has acquired the assets of Neota Product Solutions LLC, Loveland, Colorado, a Metal Injection Moulding solutions provider of early-stage prototyping through to full-scale manufacturing.
“The Neota acquisition is an excellent complement to our existing MIM solutions, and we welcome Jason Osborne, President of Neota, and his team to the Nichols group,” Houck stated. “Jason’s years of experience in MIM product design for manufacture will help to further accelerate the depth and breadth of our capabilities and service the ever-evolving needs of our customers.”
Nichols is a portfolio company of Altus Capital Partners, an investment firm focused on middle-market industrial companies headquartered in the United States. As well as Neota, Nichols acquired Alpha Precision Group in January 2022.
“The addition of Neota to Nichols’ portfolio of customer-focused services will further strengthen its manufacturing capabilities as a comprehensive MIM solutions provider,” added Heidi Goldstein, Partner of Altus Capital Partners. “We are thrilled about the opportunities this partnership will provide.”
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Nichols Portland: The world’s first manufacturer of gerotors continues to innovate
As the world’s first manufacturer of gerotors and gerotor pumps, Nichols Portland has more than 85 years of continuous experience in the manufacturing, design, application, testing and validation of these products. Although Nichols Portland is known globally for its fluid transfer technology, the company also supports industries with a range of PM components.
In this report, Randy Lessard, the company’s VP / General Manager, reviews the history of Nichols Portland and discusses its commitment to producing precision PM components.
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