Proto Labs acquires FineLine Prototyping for $38M

theflyonthewall.com

FineLine Prototyping has announced that it has been acquired by Proto Labs. Proto Labs, headquartered in Maple Plain, MN, uses computer numerical control machining and injection molding to manufacture custom parts for product developers worldwide. Under terms of the agreement, Proto Labs will acquire FineLine for total consideration of $38M. Proto Labs will continue to operate the FineLine facility out of Raleigh, and expects to retain the services of all key employees, including FineLine principals Rob Connelly and Craig Goff to lead the global additive manufacturing services. Proto Labs expects the acquisition of FineLine to be accretive to Proto Labs EPS by the Q4.

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