Prototek Holdings LLC, a national provider of rapid prototyping and low volume production services for precision machined and sheet metal fabricated parts, announced that it has completed the acquisition of Midwest Prototyping LLC, an independent digital manufacturing company.
"The joining of the two organizations comes at an exciting point in the growth of both firms, allowing them to provide a single destination for increasingly complex prototyping and low-volume manufacturing needs of customers," said a spokesperson.
The combined company will be able to provide a full suite of sheet metal, CNC and additive manufacturing (AM) capabilities with a fleet of more than 140 machines. In addition, it will allow both firms to serve a more geographically diverse customer base with locations near technology hubs in the Northeast, Silicon Valley and the Midwest. The company will continue to operate in all current Prototek and Midwest Prototyping locations, with a total of 237 employees.
William Gress will continue in his role as CEO of Prototek. Steve Grundahl, president and founder of Midwest Prototyping, will serve as Vice President of Additive Manufacturing. Grundahl will be responsible for leading the company's digital manufacturing growth strategy with Midwest Prototyping as the foundation of an aggressive growth plan.
"The Midwest Prototyping team will be a terrific complement to our core capabilities and will support our continued growth," said Gress. "We can now meet all of the prototyping and low volume production needs for our customers through a broad range of cutting-edge manufacturing capabilities-and increased size, scale and efficiency-with the same high quality they have come to expect. Steve and his team are a great fit for us, and we look forward to working together to provide end-to-end digital manufacturing solutions to our customers around the country."
"Bill and the team at Prototek are the right partners for us at this pivotal time in our development," said Grundahl. "Digital and on-demand manufacturing are experiencing significant tailwinds. Joining Prototek gives our employees greater opportunities for growth, and we are thrilled to bring even more resources and flexibility to our customers."
John Pless, Partner, TruArc Partners, said, "We recently acquired Prototek to support its growth prospects and expansion into digital and on-demand manufacturing. Merging the Midwest Prototyping team and AM capabilities with Prototek's already robust offerings is a great first step to advance this strategy."
For more information contact:
Prototek
205 Pine St.
Hopkinton, NH 03229
800-403-9777
www.prototek.com
Midwest Prototyping
10949 Blackhawk Drive
Blue Mounds, WI 53517
608-437-1400
www.midwestproto.com