CORE Industrial | January 12, 2022
On January 11, CORE Industrial Partners LLC, a Chicago-based private equity firm, announced the acquisition of RE3DTECH, a leading provider of additive manufacturing services focusing on high-volume production components.
RE3DTECH manufactures a broad range of products in-house, including 3D printing, finishing, quality control, and assembly. The company specializes in 3D printing production-grade items using multi-jet fusion and direct metal laser sintering technologies.
The organization was founded in 2017 and is headquartered just outside of Chicago, Illinois. It services several end sectors, including aerospace and defense, consumer, technology, industrial, automotive, and medical.
“Our investment in RE3DTECH represents an expansion of our thesis within the additive manufacturing sector to address the growing market for high-volume production needs. We believe CORE’s sector expertise and resources will prove highly impactful in accelerating the company’s growth, both organically and through complementary acquisitions.
-John May, the Managing Partner of CORE
Jim Teuber, President of RE3DTECH, said, RE3DTECH was founded with the mission to provide our customers with customized solutions utilizing the latest, state-of-the-art technologies. Our partnership with CORE will help unlock the resources necessary to continue investing in cutting-edge capabilities and further enhance our customer value proposition.
“RE3DTECH’s strong growth since inception is the direct result of the company’s combination of talented employees, breadth of additive manufacturing technologies, design and engineering capabilities, and quick turnaround times to provide a differentiated experience to its customers. We look forward to building upon the company’s solid foundation to further expand its service offering and geographic reach.”
-Matthew Puglisi, Partner of CORE
Siskin Enterprises | December 30, 2021
On December 29th, Siskin Enterprises and PermaPlate announced the launch of PermaPlate Furniture. PermaPlate Furniture will provide novel administrative and protection plan solutions for the furniture sector.
Since 2016, the number of furniture stores has been stable. Nevertheless, merchants have lately faced increased COVID-related expenditures, prompting them to explore alternative income streams to offset operational expenses. PermaPlate Furniture will provide these retailers with best-in-class sales assistance by providing free warranty knowledge, sales associate training, in-store and online marketing creatives, and account management assistance that small-to large-scale furniture stores and e-commerce merchants desperately need.
"We are excited about this addition to the PermaPlate line, as we know that innovation in service and retaining customers is financially critical for all retailers,We wanted to design a different experience for furniture retailers and their valued customers, and we had a unique opportunity to design a solution that redefined how customers perceived furniture service contract plans, and more importantly, how their plans could be priced and how claims could be adjudicated."
-Tom Scott, Managing Director, PermaPlate Furniture
PermaPlate undertook considerable internal research into the furniture warranty market to provide a fresh retail experience for its customers over the last year. They conducted in-depth interviews with various merchants, consumers, furniture makers, component suppliers, and service professionals. Not only did the team compare key indicators to score current furniture warranty providers, but they also looked at published warranty retail rates (in-store and online), how customers were purchasing protection plans, the level of service, the provider's terms and conditions, and customer reviews, to name a few key categories.
"PermaPlate Furniture will complement our core services as an appearance protection warranty administrator and will offer a feasible solution for furniture retailers and, most importantly, to their valued customers." This is an opportunity to provide much-needed innovations for an important economic industry. The furniture industry generates more than $55 billion in annual revenue, employs more than 225,000 people in the United States, and services millions of customers each year.
-PermaPlate President John Nisson
Dover Precision Components | October 01, 2020
Dover Precision Components, part of Dover, today announced the activation of robotic tuggers to improve product flow and advance Lean manufacturing at its Inpro/Seal manufacturing facility in Rock Island, Ill. The robotic tuggers mark a strategic expansion of the use of manufacturing automation by Dover Precision Components.
The robotic tuggers will be used to move raw materials, in-progress parts and completed products around the Inpro/Seal facility, mitigating potential safety risks inherent with manual material handling. The system will also help regulate production cell pacing to reduce work-in-progress (WIP) and achieve lead-time reductions.
The adoption of the autonomous tuggers is part of a long-term manufacturing strategy at Dover Precision Components that aims to further improve safety, ensure quality, optimize productivity and quickly scale manufacturing volume in response to customer demand. From a safety perspective, the adoption of the tuggers will remove heavy lifting, pushing and tugging necessitated by human operation. From a Lean manufacturing perspective, the robotic tuggers will eliminate waste associated with moving materials and parts, improve workflow and optimize lead-time.