March 1, 2018
Industrials and Industrial Technology
GCA advises Mitsubishi Chemical on the acquisition of Dutch Filaments
GCA acted as exclusive financial advisor to Mitsubishi Chemical on its acquisition of Dutch Filaments, a leading manufacturer of 3D printing filaments in Europe. The deal reflects GCA's strong cross-border capabilities and deep expertise in the printing industry.
The new production site in Helmond, The Netherlands, with over 70 employees will strengthen Mitsubishi Chemical’s position as a supplier of materials in the innovative sector of 3D printing. Dutch Filaments started its operations in 2014 and quickly developed to be one of the major global players in the production of filaments for the booming 3D printing industry.
Ralph Meier, President of Mitsubishi Chemical Performance Polymers in Europe, commented: "With Dutch Filaments in our group of companies, we can add 3D printing materials to our portfolio. We see the demand from customers of various industries increasing and with the acquisition of Dutch Filaments we are able to not only fulfil their needs but to actively participate in the future development of 3D printing."
CEO and co-founder of Dutch Filaments, Richard Luiken, underlined: "Mitsubishi Chemical is the perfect choice for our fast-growing company and our expansion plans can now be realized even faster with the expertise and global footprint of Mitsubishi Chemical."
Richard Luiken will remain the CEO of the company and will have a leading role in 3D printing strategy for the Performance Polymers Division of Mitsubishi Chemical.
Terms of the transaction were not disclosed.