Private equity firm Core Industrial Partners is adding to its staple of additive manufacturing technologies, announcing Jan. 11 it has acquired Re3DTech, which focuses on high-volume AM work in polymers and metals.
Chicago-based Core said Re3DTech, based in Grayslake, Ill., is the first acquisition in a new platform of companies. Core previously made several acquisitions of plastic molding, tooling, 3D printing and metals firms as part of its Fathom portfolio of AM companies.
John May, Core managing partner, said the Re3DTech acquisition "represents an expansion of our thesis within the additive manufacturing sector to address the growing market for high-volume production needs."
Re3DTech was founded in 2017 and makes parts for a variety of industries, including aerospace, defense, consumer products, technology, automotive and medical, using direct metal laser sintering and multi-jet fusion technologies.
"Our partnership with Core will help unlock the resources necessary to continue investing in cutting-edge capabilities," said Jim Teuber, president of Re3DTech.
Core, which has $700 million in capital commitments, has several investment portfolios involving plastic.
In February 2021, it added injection molder Summit Plastics Inc. and related company Summit Tooling to its Fathom portfolio.
It had made a series of 3D printing-related acquisitions before that and said Fathom is one of the largest digital manufacturing platforms in North America.
Core's Prototek platform also includes metals and plastics machining and parts fabrication.