The acquisition is said to double Cumberland’s metal additive manufacturing capacity and enable expansion of its metal materials and customer portfolio.
AUSTIN, Texas—Cumberland Additive, Inc. reported that it reached an agreement with Stratasys Direct Manufacturing to assume operations of its metal additive manufacturing operations in Austin. The agreement will double Cumberland’s metal additive manufacturing capacity using Powder Bed Fusion (PBF) laser technology, while maintaining ITAR and AS9100D certifications across both operations, the company said in a release.
The acquisition is said to support Cumberland’s future growth strategy by providing material expansion and diversification in aluminum, copper, and other metal materials. It also adds metal printers and a heat treat furnace to expand capacity. Additional machines will complement the company’s current CNC machining capabilities, Cumberland said.
The acquisition also provides diversification into synergistic markets, broadening customer reach. Under the Cumberland banner, the existing Stratasys metals team will remain in place and continue operations at the same location. All current equipment and IP will remain in place.
“Our leadership team was looking for an opportunity to provide our customers with additional AM metal production capacity and material diversification,” said Cumberland Additive President John Jenkins, in a statement. “This convergence with Stratasys Direct Manufacturing made absolute sense for both parties, as this enables our operations to double in size, while Stratasys can continue focusing on their core business.”
Cumberland Board Chairperson Dawne Hickton said, “This acquisition is a win for both companies as it streamlines operations and strengthens our portfolio for future strategic partnerships.”
Headquartered in Pflugerville, Cumberland Additive offers series production of parts and engineering design services in metals and polymer materials. The company uses Powder Bed Fusion technology to support the aerospace, defense, space, and energy markets. With the acquisition, Cumberland now operates out of three distinct locations, including the facility at Neighborhood 91 in Pittsburgh.