Stratasys Ltd., a manufacturer of 3-D printing systems, has
agreed to buy River Falls-based Interfacial Solutions LLC, a
contract research and development company.
The transaction is expected to close in the second quarter
of 2014, subject to customary closing conditions, according
to Eden Prairie, Minn.-based Stratasys.
Financial terms of the transaction were not disclosed.
Interfacial Solutions has been a production partner to
Stratasys for its fused deposit modeling product lines over
the past three years, the companies said.
"Interfacial Solutions provides significant expertise in
plastics and filament," said David Reis, CEO of Stratasys.
"We believe its knowledgeable team and experience will
accelerate Stratasys' materials development efforts for all
of our FDM platforms, including MakerBot.
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, Reis
Interfacial Solutions operates in a 42,000-square-foot
facility, according to the statement.