Stratasys has acquired Interfacial Solutions, a plastic filament manufacturer in Wisconsin. The value of the deal was not disclosed, according to TechCrunch.
Street Insider cited Stratasys Chief Executive Officer (CEO) David Reis explaining: "The acquisition is expected to accomplish three objectives for Stratasys, which include strengthening our materials R&D skills and bandwidth; enabling us to become vertically integrated in material development and manufacturing; and increasing materials production space and capacity. Overall, we expect to accelerate new materials development, allowing us to introduce new products to the market faster."
For the past three years, Interfacial Solutions has tied up with 3D printing firm Stratasys in terms of production. Interfacial has provided thermoplastics research and development services for Stratasys' FDM products, the report detailed.
Through the transaction, Stratasys' operations will be streamlined once they are able to produce both hardware and the filament for its product lines. The acquisition is expected to be completed in the second quarter this year, TechCrunch added.
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