Proto Labs Acquires FineLine Prototyping - Quick Facts

(RTTNews) - Proto Labs, Inc. (PRLB), an online and technology-enabled quick-turn manufacturer, announced the launch of its additive manufacturing service through the acquisition of privately-held FineLine Prototyping, Inc., a provider of additive manufacturing services, for a total consideration of $38 million.

FineLine, based in Raleigh, North Carolina, offers high-quality stereolithography, selective laser sintering and direct metal laser sintering services to corporate customers in several industries.

The company generated revenues of $9.7 million in 2013. Proto Labs will continue to operate the FineLine facility out of Raleigh.

The addition of additive manufacturing expands Proto Labs services to address a wider spectrum of need for the product developer.

Proto Labs expects the acquisition of FineLine to be accretive to its earnings per share by the fourth quarter of 2014.

Proto Labs expects to retain the services of all key employees, including FineLine principals Rob Connelly and Craig Goff to lead the global additive manufacturing services.