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Announced

CORE Industrial Partners-backed RE3DTECH to acquire Phoenix Proto Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private

Pending

production equipment

Majority

Friendly

Production Technology Equipment

Private Equity

United States

Single Bidder

Acquisition

Synopsis

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CORE Industrial Partners-backed RE3DTECH, a 3D printing services provider, agreed to acquire Phoenix Proto Technologies, a rapid tooling and injection molding company. Financial terms were not disclosed. “Since I founded Phoenix Proto, we have been committed to helping our customers turn their design concepts into quality products by leveraging our depth of technical knowledge and best-in-class engineering solutions. Our family, along with a great employee base, have built a differentiated business over the last 15 years, and we believe RE3DTECH is a perfect fit in terms of both culture and long-term strategy. We’re proud and excited to have CORE as a partner as we enter a new chapter of growth for Phoenix Proto,” Bob Lammon, Phoenix Proto Founder.

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