Carpenter Technology Corp. announced that its Carpenter Powdered Products, Inc. subsidiary has acquired the assets and business of UltraFine Powder Technology Inc., a private company located in Woonsocket, R.I. UltraFine is a leader in the manufacture and sale of gas-atomized powders for the metal injection molding (MIM) industry and other specialty markets.

UltraFine, which was founded in 1987, produces spherical, gas-atomized powders for ferrous, nickel, cobalt and copper alloys. The company can also apply cold work to the gas-atomized particles to produce shape-modified powders.