MCPP just announced that it has acquired Dutch Filaments adding 3D printing to its portfolio. Mitsubishi Chemical Performance Polymers Europe B.V. is the second firm within it’s parent company’s umbrella to join the 3D printing industry, with the first being Verbatim. Through the acquisition, Dutch Filaments gains the ability to work under a very strong global brand.
Dutch Filaments, founded in 2013, quickly rose to become of the largest 3D printer filament manufacturers for FFF/FDM technologies. MCPP has acquired the Netherlands-based firm for their expertise in plastics, additives, master batches, dyes, and extrusion. All of these competencies give the company a broad range of filaments and material types. They also gain a production facility in the Netherlands and 70 employees with massive experience in the field.
Investing in the Future of 3D Printing
“With Dutch Filaments in our group of companies, we can add 3D printing materials to our portfolio. We see the demand from customers of various industries increasing and with the acquisition of Dutch Filaments we are able to not only fulfil their needs but to actively participate in the future of 3D printing development,” said Ralph Meier, President of Mitsubishi Chemical Performance Polymers in Europe.
The acquisition is a good move for the company’s standing in a wide range of industries. The company has already stated its interest in the automotive, aerospace and medical sectors. It’s easy to see why they would pick these markets considering their massive growth in recent years. It is, therefore, wise to place themselves as a strategic materials provider before the industry reaches saturation.
The deal between both companies finally closed on March 1st. The acquisition pays dividends towards both firms. While Dutch Filaments was no slouch on its own, under the new umbrella it has far bigger growth opportunities and potential research funding.
Featured image courtesy of Dutch Filaments.