CORE Industrial Partners Forms a New 3D Printing Platform with the Acquisition of RE3DTECH
Core Industrial PartnersÂ (â€śCOREâ€ť), a Chicago-based private equity firm, announced today the formation of a new platform with its acquisition of RE3DTECH, Â a leading provider of additive manufacturing services with a focus on high-volume production parts.
RE3DTECH offers a comprehensive suite of in-house manufacturing services, including 3D printing, finishing, quality and assembly.Â The Company specializes in 3D printing utilizing multi-jet fusion technologies and direct metal laser sintering to manufacture production-grade parts across both polymer and metal materials.Â Founded in 2017 and headquartered outside Chicago, IL, the Company serves a variety of end markets, including aerospace and defense, consumer, technology, industrial, automotive and medical, among others.
John May, Managing Partner of CORE, said, â€śOur investment in RE3DTECH represents an expansion of our thesis within the additive manufacturing sector to address the growing market for high-volume production needs.Â We believe COREâ€™s sector expertise and resources will prove highly impactful in accelerating the Companyâ€™s growth, both organically and through complementary acquisitions.â€ť
Jim Teuber, President of RE3DTECH, said, â€śRE3DTECH was founded with the mission to provide our customers with customized solutions utilizing the latest, state-of-the-art technologies. Our partnership with CORE will help unlock the resources necessary to continue investing in cutting-edge capabilities and further enhance our customer value proposition.â€ť
Matthew Puglisi, Partner of CORE said, â€śRE3DTECHâ€™s strong growth since inception is the direct result of the Companyâ€™s combination of talented employees, breadth of additive manufacturing technologies, design and engineering capabilities, and quick turnaround times to provide a differentiated experience to its customers. We look forward to building upon the Companyâ€™s solid foundation to further expand its service offering and geographic reach.â€ť