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3D printing and plastics company Fathom reaches $1.5B SPAC deal to go public

Private equity firm buys Summit tooling, molding businesses

Private equity firm buys Summit tooling, molding businesses Ryan Martin, CEO of Fathom. Chicago-based private equity firm Core Industrial Partners has acquired Summit Tooling Inc. and Summit Plastics Inc. of McHenry, Ill., for its portfolio company Fathom. Fathom provides on-demand manufacturing in 14 processes and six additive manufacturing technologies across its national footprint, which includes about 100 industrial-grade 3D printing machines for mostly plastics but also metal. The Summit acquisition increases Fathom s in-house tooling capabilities and expands its injection molding capacity, which will help the acquirer answer calls for on-shore injection molding, according to Fathom CEO Ryan Martin. We saw really tremendous growth in 2020 across our additive business, CNC machining, injection molding, tooling and urethane casting machining, Martin said. Many times we had to leverage our supply chain partners for tooling to injection mold parts as our internal capacity a

PE-backed Fathom acquires Summit Plastics

CORE Industrial Partners Portfolio Company Fathom Acquires Summit Tooling and Summit Plastics

Press release content from Business Wire. The AP news staff was not involved in its creation. CORE Industrial Partners Portfolio Company Fathom Acquires Summit Tooling and Summit Plastics February 3, 2021 GMT CHICAGO (BUSINESS WIRE) Feb 3, 2021 CORE Industrial Partners (“CORE”), a Chicago-based private equity firm, announced today the acquisition of Summit Tooling, Inc. and Summit Plastics, Inc. (collectively, “Summit” or the “Company”), a leading precision tooling and injection molding services provider, by CORE portfolio company Fathom. Summit is the fourth add-on acquisition to the Fathom platform following CORE’s initial investment in 2018. Founded in 1996, Summit provides high-quality plastic injection mold design, precision mold-making and close-tolerance injection molding with a specialty in small-to-medium prototype injection molds. Utilizing a fleet of more than 30 machines, Summit primarily serves long-tenured customers in the medical and packaging end m

LVC buys Summit Plastics, targets more acquisitions

LVC buys Summit Plastics, targets more acquisitions Print Private equity firm LongueVue Capital announced Jan. 20 it is investing in Mississippi-based blown film and bag maker Summit Plastics Inc. and said it plans to be extremely active in the packaging and plastics industries. New Orleans-based LongueVue said the investment in Summit is its first in the plastics sector. It s providing growth capital to expand Summit s product offerings and its national footprint, including in bioresin films, said LVC Vice President Evan Golden. Terms were not disclosed. LVC also said it s brought in a longtime plastics industry executive, Paul Ebbert, as its operating partner for a new specialty packaging investment strategy that could include buying other firms.