One of FATHOM’s manufacturing facilities with industrial-grade 3D printers (Photo courtesy of CORE Industrial Partners) additive manufacturing, also known as 3D printing, may be in its infancy, but that isn’t stopping one private equity firm from investing now in hopes of producing components faster and at larger scales.
Unlike traditional manufacturing techniques that cut away raw material to create a new object, 3D printers deposit layer upon layer of metal, plastic and other materials to build a part from scratch. Much of additive manufacturing is confined to startups that make one product, or large manufacturers that use the technology to augment production and prototyping. CORE Industrial Partners, a Chicago-based private equity firm focused on industrial technology, is taking a different approach. In 2018, CORE acquired Midwest Composite Technologies, which acquired FATHOM, an additive manufacturing company based in Oakland, California. Along with a third 3D printing-focused manufacturer it purchased in August, CORE has brought together three facilities and nearly 100 3D industrial printers under the FATHOM brand. Combined, these companies make FATHOM one of the largest independent additive manufacturing companies in North America, according to CORE’s Managing Partner John May. Those assets enable the company to offer a wider range […]
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