AM and MIM specialist ARC Group Worldwide has completed its sale of Tekna Seal LLC, a non-core subsidiary, for US$10.5 million.
‘Tekna Seal is a great business with a strong team,’ said ARC CEO Jason Young. ‘While we are disappointed it will no longer be part of ARC, we are pleased Tekna Seal, and all its highly valued employees, have found a home at an excellent private company where it will be a better strategic fit […] we feel it is more efficient to focus our resources on opportunities that expand our core business in precision manufacturing and metal 3D printing.’
This story is reprinted from material from Arc Group, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.