March 1, 2018
Capital Goods and Heavy Industries, Industrials and Industrial Technology
Mergers and Acquisitions
GCA Advises Mitsubishi Chemical on Its Acquisition of Dutch Filaments
GCA acted as exclusive financial advisor to Mitsubishi Chemical on its acquisition of Dutch Filaments, a leading manufacturer of 3-D printing filaments in Europe.
Dutch Filaments started operating in 2014 and quickly grew to be one of the major global filament producers for the expanding 3-D printing industry.
The acquisition of Dutch Filaments’ production site in The Netherlands, with over 70 employees, will strengthen Mitsubishi Chemical’s position as a 3-D printing materials supplier.
Ralph Meier, president of Mitsubishi Chemical Performance Polymers in Europe, commented: "With Dutch Filaments in our group of companies we can add 3-D 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 3-D printing."
CEO and co-founder of Dutch Filaments, Richard Luiken, said: "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 Dutch Filaments and will have a leading role in 3-D printing strategy for the Performance Polymers Division of Mitsubishi Chemical.
Terms of the transaction were not disclosed.