RE3DTECH, an Additive Manufacturing service bureau based in Grayslake, Illinois, USA, has announced its acquisition by private equity firm Core Industrial Partners. The move is anticipated to unlock further resources for the company, allowing it to improve services and further expand production capacity.
“RE3DTECH was founded with the mission to provide our customers with customised solutions utilising the latest, state-of-the-art technologies,” stated Jim Teuber, president & CEO of RE3DTECH. “Our partnership with Core will help unlock the resources necessary to continue investing in cutting-edge capabilities and further enhance our customer value proposition.”
The company has a range of in-house manufacturing, including polymer and metal Additive Manufacturing, finishing, quality control and assembly. Utilising machines from HP, Markforged and SLM Solutions, RE3DTECH offers Binder Jetting (BJT) and Laser Beam Powder Bed Fusion (PBF-LB) technologies to manufacture production-grade parts for end markets including aerospace & defence, industrial, automotive and medical.
“Our investment in RE3DTECH represents an expansion of our thesis within the Additive Manufacturing sector to address the growing market for high-volume production needs,” commented John May, Managing Partner of Core. “We believe Core’s sector expertise and resources will prove highly impactful in accelerating the company’s growth, both organically and through complementary acquisitions.”
Matthew Puglisi, Core partner concluded, “RE3DTECH’s strong growth since inception is the direct result of the company’s combination of talented employees, breadth of Additive Manufacturing technologies, design & engineering capabilities, and quick turnaround times to provide a differentiated experience to its customers. We look forward to building upon the company’s solid foundation to further expand its service offering and geographic reach.”