Oregon-based diversified manufacturer Precision Castparts has acquired Florida-based metal 3D printing company Atlantic Precision. Former owner Generation Growth Capital acquired Atlantic Precision only two years ago.
Atlantic Precision, headquartered in Port Saint Lucie, Florida, is an expert in metal 3D printing for the aerospace industry. The company offers a range of services based on the aerospace industry, including direct metal laser sintering for rapid prototyping or production. In October 2014, Generation Growth Investments invested in the establishment of Atlantic Precision's Florida Development Center. Two years later, Generation Growth decided to sell the company to new buyers.
According to Generation Growth, Atlantic Precision's core business has grown rapidly over the past two years. John Reinke, Managing Director of Generation Growth, said: "When we first approached Atlantic Precision, we realized that their additive manufacturing would be a real changer in the aerospace manufacturing market. The investment in Atlantic Precision represented With Generation Growth's investment strategy, we are able to provide funding and business support systems to help companies execute a proactive investment and growth strategy. "
A new buyer of Atlantic Precision, Precision Castparts Corp. is a world leader in investment castings, forgings, high-performance alloys, fasteners, and metal components. It is located in Portland, Oregon, and its products are widely used in aviation, defense, and power generation. As well as the industrial sector. The company has grown from a small company engaged in investment casting to a Fortune 500 company with many high-end customers such as Airbus, Boeing, GM, and Rolls-Royce. In addition to traditional businesses, Precision Castparts has acquired some small companies with business characteristics. "Mainly focused on the aerospace and power markets, and the acquisition targets were selected based on the company's core capabilities, including: having the core capability to produce complex parts; having a direct relationship with the original equipment manufacturer; process control; metal or technology similarity; And businesses that can improve distressed assets.
As Precision Castparts currently specializes in foundry and forging related businesses, the acquisition of an additive manufacturing company such as Atlantic Precision marks the company's expansion into a new focus area. Atlantic Precision's experience in aviation will undoubtedly help to further integrate its business with the new parent company.
Atlantic Precision currently provides 3D printing services using 625 Inconel, Inconel 718, CoCr, Al and Titanium powders, and can print other materials on a customized basis.
Atlantic Precision uses the EOS metal laser sintering system EOSINT M280 with a 400W laser (X3) and the EOS metal laser sintering system EOSINT M400 with a 1000W laser. It also provides other services such as inspection, welding and CNC machining.