Power Resources Group to acquire Neil Woodford-backed Metalysis.

Mining company Power Resources Group agreed to acquire Metalysis, a British high-tech specialist, which manufactures 3D printing powder, out of administration. Metalysis, which was backed by asset manager Neil Woodford, fell into administration in June, around the same time Woodford’s equity income fund, was frozen. Financial terms were not disclosed. Metalysis made an operating loss of £7m ($9m) in the year ended March 2018 on revenues of £886m ($1.1bn). It had a net book value of £10m ($13m). “The technology metals focus is a perfect complement to PRG’s existing vertically-integrated mining and refining operations and customer base,” said PRG CEO Ray Power.