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ARC Group Worldwide, Inc. (NASDAQ: ARCW), Deland, FL, has acquired Advance Tooling Concepts and Thixoforming LLC.
ATC, a plastic injection molder, and Thixoforming, a magnesium injection molder, broaden ARC’s 3D printing and advanced manufacturing capabilities.
“ARC’s acquisition of ATC and Thixoforming provide a strategic fit within our calculated growth plan. The companies add key capabilities, and accelerate our goal of being a holistic solutions provider” said Jason T. Young, chairman and CEO of ARC.
ATC was acquired for $24 million while the terms of the Thixoforming acquisition were not disclosed.