3D Systems Acquires Village Plastics; Terms Not Disclosed
3D Systems (NYSE: DDD) announced today the acquisition of Village Plastics Co., a leading manufacturer of filament-based ABS, PLA and HIPS 3D printing materials. Through its state-of-the-art manufacturing facility in Norton, Ohio, Village Plastics delivers the highest quality, precision 3D printing filaments. 3DS plans to immediately integrate Village Plastics materials and manufacturing technologies to accelerate its development of advanced filament-based materials for its growing Cube® and CubeX™ 3D printers. Additionally, the company plans to support all of Village Plastics' existing customers by providing full access to its complete portfolio of design-to-manufacturing products and services.
"Village Plastics brings significant filament-based material development know-how and large scale manufacturing expertise that are vitally important to our Cube 3D printer consumer and prosumer growth initiatives," said Avi Reichental, President and CEO, 3D Systems. "With the Village team on board, we expect to be able to enhance the profitability of this growing category and fast track the delivery of new high-performance filament-based products for the benefit of our users worldwide."