Huntsman Corp. recently announced that its Advanced Materials division completed the sale of its stereolithography resin and Digitalis® machine manufacturing businesses to 3D Systems Corp. for $41 million in cash. The stereolithography business had revenues of $7 million in 2010. Its products are used primarily in 3-D part building systems. The Digitalis business is a stereolithography rapid manufacturing system previously under development by Huntsman.
“We are pleased that 3D Systems Corp. is now owner of these businesses,” said James Huntsman, president of Huntsman’s Advanced Materials division. “3D has a rich heritage of being a pioneer and industry leader in stereolithography and rapid manufacturing systems. We are confident that these assets will be a great fit for 3D. This sale further enables us to concentrate our focus on our core competitive and strategic strengths, the construction, coatings, power, aerospace, and electronics applications.”
For more information, visitwww.3dsystems.comorwww.huntsman.com.
Huntsman Sells Portions of Business to 3D Systems
November 4, 2011