3D Systems Corporation (NYSE: DDD) spiked upwards after Monday’s open following news that it partnered with Carolina Wholesale Group, parent company of Carolina Wholesale and Arlington Industries, for a national distribution deal.
Carolina Wholesale and Arlington Industries are now national distributors of 3D Systems Cube and CubePro hardware and supplies throughout the United States, according to a press release.
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Larry Huneycutt, President of Carolina Wholesale Group, said, "Carolina Wholesale Group has a broad network of office products and imaging resellers that provide a unique fit for 3D Systems products in their portfolio of offerings. We recognize the future is now with 3D printing and believe the rapid innovation of this technology will demand a strong need for a distribution partner such as Arlington and Carolina Wholesale."
3D's Peter Theran, Vice President, Global Consumer Products, felt that Carolina Wholesale Group’s “technical support and commitment to strong customer service” would be a “value-add for resellers looking to add 3D printing technology to their portfolio of offerings.”
3D Systems gave back some of its earlier gains and recently traded at $24.82, down 0.4 percent.
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