Business
3DX Signs Letter of Intent to Acquire Manufacturing Facility/Real Estate
3DX Signs Letter of Intent to Acquire Manufacturing Facility/Real Estate.
About this update from 3dx Industries Inc.
[{"type":"text","content":"\n SEATTLE, WA, July 30, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – 3DX Industries, Inc. (DDDX) (the “Company” or “3DX”), a state of the art additive manufacturer specializing in 3D Metal Printing, announced today that it has signed a Letter of Intent to acquire Specialty Metal Works, LLC., which includes a 5 acre land parcel and manufacturing facility. Specialty Metal Works, LLC (SMW) is a Washington-based part manufacturing company, currently operating out of an 8,400 square foot facility.  The acquisition includes 4 CNC Lathes with live tooling, 2 twin turrets, 3 Vertical CNC Milling machines, an Okuma LT 15-MY-W BIG BORE 8 Axis Lathe, a Twin Turret Lathe with 36 tools with Sub-Spindle and a 2021 HAAS VF4SS with a 5 axis control and a TR160 Trunnion along with all tooling and support equipment as well as the land and buildings. \"We are excited to be executing on our business plan via strategic acquisitions. Acquiring Specialty Metal Works will expand our manufacturing capabilities to offer 5-axis machining to our customers and enhances our ability to post process 3D Metal printed parts,” states Roger Janssen, 3DX President and CEO. “Not only do we significantly increase our ability to manufacture parts, we are adding an experienced industry veteran in Mr. Bill Fleischer, president of SMW, to the 3DX team. We will now direct our legal and accounting team to begin the process of putting together the official purchase agreement and completing the required due diligence to finalize this acquisition. We expect to make an announcement on the closing of this transaction by early October,” Mr. Janssen added. The addition of the SMW’s capabilities and facilities nearly doubles the manufacturing capacity of 3DX Industries, Inc. and allows the company to participate in the larger contract bids available as companies look to source American-based manufacturers for their projects.  About the Company: 3DX Industries, Inc. is focused on the additive metal manufacturing segment within the manufacturing industry. 3DX has the capability of manufacturing a wide variety of products using its 3D metal printing system, 3D plastic printing as well as more traditional methods of precision manufacturing. 3DX offers additive and traditional manufacturing services as well as product...