November 1, 2011 — Huntsman Corporation (NYSE:HUN) Advanced Materials division sold its stereolithography resin and Digitalis MEMS manufacturing machine businesses to 3D Systems Corporation (NYSE:DDD) for $41 million in cash.
The stereolithography business had revenues of $7 million in 2010 and its products are used primarily in three-dimensional part building systems.
Digitalis is a new rapid manufacturing printer for micro electro mechanical systems (MEMS), currently in advanced stages of development and validation, that is capable of manufacturing large numbers of parts simultaneously at high speed and accuracy.
This acquisition complements 3D Systems’ print materials technology and intellectual property portfolio and adds the Digitalis print engine to its printer family. DDD will integrate the product lines into its rapid manufacturing and healthcare solutions portfolio. The company expects this acquisition to be immediately accretive to its net income and contribute favorably to its target operating model.
"3D has a rich heritage of being a pioneer and industry leader in stereolithography and rapid manufacturing systems," noted James Huntsman, president of the Advanced Materials division of HUN. HUN will concentrate its focus on the construction, coatings, power, aerospace and electronics applications.
Huntsman is a global manufacturer and marketer of differentiated chemicals. For more information about Huntsman, visit www.huntsman.com.
3D Systems provides 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers. More information on the company is available at www.3DSystems.com.