Addman Continues Acquisition Spree with Harbec – 3DPrint.com

As Addman Engineering gears as much as meet the additive manufacturing calls for of aerospace, power, and house, the corporate is on a spending spree, shopping for startups to construct up its providing of superior applied sciences that may allow breakthroughs in product growth and manufacturing. The most recent deal represents the fourth takeover carried out by Addman within the final 18 months and provides injection molding functionality to the group. As well as, the engineering-centric supplier of additive and conventional manufacturing options introduced on November 2, 2022, the acquisition of Harbec, a contract producer of tight tolerance precision 3D printed metals and plastics, for an undisclosed quantity.

Addman and Harbec management becoming a member of forces after the acquisition is full. Picture courtesy of Addman.

For greater than 45 years, Harbec has specialised within the pre-production and manufacturing of precision machined parts, metallic and polymer 3D printing, injection molding with inner device and die-making capabilities, and high quality assurance. A turnkey contract manufacturing service supplier, Harbec has intensive expertise with numerous supplies, together with aluminum, titanium, Inconel, magnesium, metal, brass, and copper, and serves a nationwide buyer base within the aerospace and protection, medical, and high-end industrial finish markets.

Headquartered in Rochester, New York, Harbec operates a state-of-the-art, AS9100D (aerospace) and ISO13485:2016 (medical) licensed facility with an ITAR license (protection) and an ISO Class 7 cleanroom, utilized in quite a lot of industries, from pharmaceutical laboratories to testing cubicles and specialist manufacturing services. Its 110,000-square-foot absolutely sustainable facility has been carbon impartial since 2013 and water impartial since 2015. Onsite, the contract producer bolsters renewable power sources and options, together with two (850 kW) wind generators on campus that gives a clear, sustainable, and renewable power supply supporting geothermal heating and cooling all year long and making certain companies are uninterrupted.

Harbec’s spectacular achievements beneath firm founder and {industry} veteran Bob Bechtold are one other key acquisition consideration for Addman’s acquisition choice, as the corporate goals to energy a greener future. Pushed by his robust perception within the worth of eco-economics, Bechtold shares that one of many primary objectives of his firm is to see others undertake an environmentally acutely aware manufacturing method, which he calls ‘The Harbec Approach.’

“Becoming a member of the Addman group helps us do precisely that throughout the nation. We sit up for making use of our sustainable manufacturing processes all through Addman,” factors out Bechtold.

Harbec’s operation in Ontario, New York, provides 160 staff to the Addman community together with injection molding capabilities. Picture courtesy of Harbec.

The transaction is predicted so as to add 160 proficient and devoted staff to the broader Addman group. Nonetheless, Michael Shaffer, enterprise growth supervisor at Addman, acknowledged on a social media put up that Addman engineers have already been capable of transition a few of the agency’s AM polymer prototype tasks to injection molding at Harbec and sit up for providing this functionality to present and future clients. 

On the management stage, Harbec’s Chief Working Officer (COO), Christopher Piedici, will preserve day-to-day oversight of the enterprise and can now report back to Tim Kanne, Addman’s Operations Advisor. The acquisition, supported by personal fairness agency American Industrial Companions (AIP), unlocks end-to-end polymer product lifecycle companies for patrons whereas combining industry-leading engineering expertise.

Addman CEO Joe Calmese instructed that Harbec’s experience with injection molding is a brand new functionality to Addman that “rounds out our firm’s polymer product choices. We now have the instruments that span the complete product lifecycle for plastics, and that’s highly effective. Moreover, deepening our capabilities in precision machining and additive manufacturing permits us to focus on crucial new markets, together with our rising medical enterprise.”

For Calmese, the brand new buy provides worth to Addman’s ever-growing portfolio. Because the fourth acquisition in lower than two years, Harbec cements Addman as a largely diversified accomplice within the contract manufacturing house.

Information of the acquisition comes lower than a yr after Addman introduced the addition of Castheon, a laser powder mattress fusion course of developer and main supplier of AM applied sciences for mission-critical house functions, enabling Addman to turn into a top-tier 3D printing service supplier for the house {industry}. Beforehand the engineering firm had bought Minnesota-based precision producer Domaille Engineering and third Dimension Industrial 3D Printing, a Westfield, Indiana supplier of metallic AM options.

Addman acquires third Dimension Industrial 3D Printing. Picture courtesy of Addman.

Established by the AIP in 2020 from its $8 billion personal fairness funds, Addman makes use of AM and superior applied sciences to allow product growth and manufacturing breakthroughs for its clients.

AIP accomplice and Addman board member praised the newest transfer, stating, “AIP fashioned Addman to modernize how Individuals take into consideration manufacturing. This acquisition expands our use of progressive know-how and integrates spectacular sustainable manufacturing methodologies into our portfolio. Addman is positioned for continued success with Harbec now in its orbit.”

Except for its New York headquarters, the engineering agency owns six services throughout the U.S. with not less than 24 additive machines sitting on 177,000 sq. toes of scalable footprint, able to offering the assets wanted for any stage and measurement venture. For instance, one of many newest 3D printing techniques acquired was a full-stack laser powder mattress fusion 3D printing resolution from Velo3D put in at Addman’s Indianapolis facility in 2021 and devoted to operating Inconel 718 for all kinds of industries, together with aerospace, that demand quick manufacturing. Nonetheless, worldwide curiosity in AM requires Addman to usher in much more 3D printing techniques, which is why the engineering agency has already ordered further machines from Velo3D to be delivered in 2022 and continues to accumulate corporations to enhance its portfolio choices and present clients how severe it’s about the way forward for its clients’ industries.