ARC Group Worldwide, Inc. says they’ve begun work on an underwritten public offering of 3,000,000 shares of the company’s common stock and they intend to grant the underwriters an option to purchase up to an additional 450,000 shares of common stock.
An underwritten public offering (UPO) involves an underwriter buying an issue for their account and then attempting to sell the issue to other investors.
ARC Group Worldwide is a global advanced manufacturing and 3D printing service provider, founded in 1987. Headquartered in DeLand, Florida, the company offers a portfolio of advanced manufacturing technologies to improve the efficiency of traditional manufacturing processes.
With expertise in metal injection molding, ARC Group also has 3D printing and imaging, advanced tooling, automation, machining, plastic injection molding, lean manufacturing, and robotics operations and owns 3D Material Technologies.
3D Material Technologies uses 3D printing technology to prototype designs and to make short run production and mass production parts. 3D Material Technologies has a line of 3D printers from EOS, Concept Laser, and 3D Systems, which the company says allows them to offer “one of the largest variety of processes and materials available today.”
The company uses Materialise’s Magics 3D printing software, advanced research and development in build-support generation and build-orientation optimization using a range of equipment like the EOSINT M280, ProX 300, ProX 200, and M1 Cusing.
ARC Group announced second quarter fiscal year revenue of $27.1 million for 2015, representing an increase of 35.9% compared to the same period of the preceding year. The company says that year-over-year increase was largely the result of acquisitions completed during the fourth quarter of 2014 and “robust sales growth at 3D Material Technologies.”
The company also credits continued investment into 3DMT’s proprietary additive manufacturing technology and services for their recent performance.
“ARC remains in a transitional phase following our acquisitive prior fiscal year, and while we have faced modest short term weakness due to the slowdown in the firearms market, we remain optimistic about the long term prospects of our approach to advanced manufacturing through the strategic combination of additive and subtractive processes,” says Jason T. Young, Chairman and CEO of ARC Group.
According to Young, the company’s platform is differentiated and offers our customers unique and comprehensive solutions to their manufacturing needs.
“In the short run, some of our efforts require investment and productivity improvements, but long-term we believe we are developing proprietary technology that will give our customers innovative and compelling advantages,” Young said.
Are you interested in this stock offering from ARC Group? Do you have investments in the 3D printing technology market? Let us know in the ARC Group Offering UPO forum thread on 3DPB.com.
You May Also Like
3D Printing News Briefs, February 20, 2021: Massivit, Romi, BCN3D, 1016 Industries, Elevons.Design
Business first in today’s 3D Printing News Briefs, before we move on to other topics, like hybrid systems, new filaments, and interesting 3D printed products. Massivit is set to go...
3D Printing Market Outlook 2021: Powder Bed Fusion and Multi Jet Fusion, Part 1
Polymer powder bed fusion printers have been a mainstay of the 3D printing world for many years now. These highly productive machines dominate the service bureau installed base and are...
Top 10 3D Printing Software Stories of 2020
This summer, SmarTech Analysis published a new report, titled “Opportunities in Additive Manufacturing Software Markets 2020,” which was its first study of the AM software segment since the inaugural report...
BASF Launches 17-4 Stainless Steel Metal 3D Printing Filament for FDM Printers
BASF‘s Forward AM unit has launched 17-4 PH metal filament for FDM printers. 17-4 PH is a commonly used stainless steel that can cover a lot of applications in machine...
View our broad assortment of in house and third party products.