3D SystemsCorp. (DDD - Analyst Report) recently acquired Norton, Ohio based 3D filament manufacturer, Village Plastics Co. for an undisclosed sum.
The acquisition is a strategic move by 3D systems as not only does it expand the company’s capability in the filament materials know-how and manufacturing, but also significantly accelerates the development of precision thermoplastics for 3D printing.
Village Plastics Co. is a leading manufacturer of 3D printing filaments. The company primarily produced filaments in ABS, PLA and HIPS materials. Using its state-of-the-art manufacturing facility this company delivers the highest quality precision 3D printing filaments.
3D Systems has been aggressively pursuing acquisitions since Aug 2013 to expand its capability, capacity and geographic reach. In August, the company purchased design-oriented, cloud-computing service TeamPlatform, and CRDM, a U.K.-based firm that provides prototyping and tooling services. Following that in September, the company announced the acquisition of Sugar Labs, a California-based 3D printer of custom edible products made from sugar. Also, just last week, 3D Systems acquired Figulo Corporation, the industry's leading consumer-oriented 3D ceramics printer.
3D Systems intends to incorporate Village Plastics’ materials and manufacturing technologies to accelerate the development of advanced filament-based materials for its growing Cube(R) and CubeX(TM) 3D printers. This apart, the company plans to support all of Village Plastics' existing customers by offering them full access to its complete portfolio of products and services.
3D Systems is a leading provider of 3D content-to-print solutions, including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. In addition, the company develops creative content and design productivity tools. The company also offers software design tools including CAD (computer-aided design), reverse engineering and inspection, as well as consumer 3D printers, apps and services.
3D Systems currently carries a Zacks Rank #3 (Hold). However, better-ranked stocks in the same industry include Electronics for Imaging, Inc. (EFII - Snapshot Report), Alps Electric Co. Ltd. (APELY - Snapshot Report) and Planar Systems Inc. (PLNR - Snapshot Report). All carry a Zacks Rank #1 (Strong Buy).