Lubrizol Corp. of Wickliffe, Ohio, knew it wanted to grow into 3D printing expertise, but it took a long, hard look at contenders before acquiring a Colorado company.
"We want to create value with disruptive technology," 3D Printing Solutions General Manager Gert-Jan Nijhuis told PN's Frank Esposito.
Lubrizol looked at 100 different companies before deciding to buy Avid Product Development LLC. The company is heavily involved in 3D printing for the shoe industry, along with the industrial and medical markets.
"We wanted to make a move, because things in [3D printing] can happen quickly," Nijhuis said. "And it takes time to develop materials."