Cumberland Additive receives $5 million investment from Hunting

August 25, 2021

Hunting PLC, an international energy services group, has announced its investment of $5 million in Cumberland Additive Holdings LLC (CAH), Pflugerville, Texas, USA, to become a 27% holder in the company’s capital following completion of the transaction. The parties have also agreed to certain customary minority rights and obligations in connection with Hunting’s equity interest in Cumberland, including representation on its board of directors.

Cumberland offers Additive Manufacturing design services and production of parts in both metal and polymer materials using Powder Bed Fusion (PBF) technology. The company holds AS9100D and ITAR accreditations, supporting customers in the aerospace, defence, space, oil & gas and energy sectors which demand strongly quality assured components to operate in high-performance environments.

Currently, Cumberland occupies a 2,800 m2 facility at its Texas location and is in the process of establishing a second location in Pittsburgh, Pennsylvania, which is intended to improve supply chain efficiency.

Hunting’s investment allows it access to the fast-growing AM sector, which is increasingly being adopted by many of the group’s current oil & gas clients, while also providing opportunities for Hunting to enter new sectors complementary to the group’s current customer profile.

Dawne Hickton, chair and Lead Investor of Cumberland, stated, “The investment by Hunting will assist CAH in achieving its growth ambitions, while providing new customer opportunities through their global operating footprint.”

In the latest issue of Metal AM magazine

Download PDF

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap