Quickparts Expands Manufacturing Capabilities with Xcentric Mold & Engineering Acquisition9/28/2022
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Quickparts Expands Manufacturing Capabilities with Xcentric Mold & Engineering Acquisition https://ift.tt/HfsgQA4 The 3D printing industry is continuing a trend of consolidation amid broader economic turbulence. The latest news on that front is the acquisition of Xcentric Mold & Engineering by Quickparts, formerly a large portion of 3D Systems’ on-demand production services. The purchase will allow Quickparts to expand its manufacturing capabilities. Quickparts Adds More CNC and Injection MoldingXcentric was founded in Clinton Township, Michigan in 1996, growing to employ nearly 100 individuals and operate a 60,000-sq-ft production facility. The site boasts injection molding and CNC machining, which now complement Quickparts own breadth of services. These include a range of additive manufacturing (AM) and traditional technologies.
Because Quickparts already offers CNC and injection molding, this purchase may be more about expanding the company’s throughput, equipment, and labor power, with Michigan being reborn as a digital production hub. Service bureaus like Materialise and FATHOM have major locations in the state. With supply chains now being reorganized to, potentially, allow for distributed manufacturing to withstand disruptions, placing sites at strategic points across important markets may be key to delivering on-demand parts quickly. Familiar Faces at QuickpartsInterestingly, as 3D Systems divested its 3D printing services business to private equity firm Trilantic North America, familiar faces took charge of Quickparts and its five European and U.S. sites. The new CEO, Ziad Abou, was formerly Senior Vice President and General Manager of Global Quickparts Solutions under 3D Systems. Thea board of directors also added Techniplas founder George Votis and Avi Reichental, the last of which was the CEO of 3D Systems when it originally purchased Quickparts in 2011.
Quickparts has since become a partner of Reichental’s 3D printer manufacturer Nexa3D and will use the firm’s new polymer powder bed fusion (PBF) system, the QLS 820, for its services. The machine is described by Nexa3D as being four times as fast as traditional polymer PBF 3D printers through the use of four lasers, rather than one or two. Stifel’s Digital Manufacturing 18th Transaction Since 2021Exclusive financial advisor to Xcentric on the deal was Stifel Investment Banking, which not only advised the firm on its sale to Riverside in 2017, but also guiding Trilantic on its purchase of Quickparts in 2021. The bank is playing a lead role in the consolidation activities for the AM industry, with this most recent deal representing Stifel’s 18th transaction for the digital manufacturing since 2021 alone. Other deals include:
The post Quickparts Expands Manufacturing Capabilities with Xcentric Mold & Engineering Acquisition appeared first on 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing. Printing via 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing https://ift.tt/TioNLfn September 28, 2022 at 08:56AM
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