— Deloitte Corporate Finance LLC (“DCF”) acted as financial advisor to California-based Solid Concepts Inc. (“Solid Concepts”), the largest independent additive manufacturing service bureau in North America, in its sale to Stratasys Ltd. (NASDAQ:SSYS) (“Stratasys”), a leading global provider of additive manufacturing solutions, for total consideration of up to $295 million. The acquisition closed on July 14, 2014 following the receipt of anti-trust approval from the U.S. Federal Trade Commission as well as other customary closing conditions.
“DCF’s knowledge and experience added value throughout the process. Their commitment to Solid Concepts helped us to achieve our overall goals and objectives. DCF’s global insight and experience with strategic transactions were vital to accomplishing the transaction, ” said Joe Allison, founder and president, Solid Concepts.
“We are extremely pleased to have worked with Joe and his management team on this transaction with Stratasys. Stratasys views Solid Concepts as an industry pioneer and innovator in the additive manufacturing business. We are excited to have assisted Solid Concepts in finding a partner with a shared culture of innovation and customer service, ” said Tracy Albert, managing director, Deloitte Corporate Finance LLC.
“Additive manufacturing’s ability to enhance existing production processes has led to significant sector growth across a number of end-markets. We expect to see continued activity in the M&A environment for additive manufacturing businesses as companies seek to tap into the strong growth potential of disruptive 3D printing technologies, ” added Eric Andreozzi, managing director, Deloitte Corporate Finance LLC.
Corporate union busting is doing that.
Once unions are destroyed, the individual worker has no power to resist the arbitrary will of his employer.
BTW, the ruling oligarchy destroyed the economy of Argentina a few years back. Also, your sole mates in Somalia did the same thing more recently.
"Though Argentine conservatives saw PerÃ³n's fall as an opportunity to return to the mercantile model, the new regime's Civilian Advisory Board advised against drastic policy changes. This still left the question of the country's chronic trade deficits, which, though a modest US$200 million a year (2% of GDP), proved difficult to finance and was, thus, leading to periodic bouts of inflation. Elections in 1958 brought the moderate Arturo Frondizi to office and with him, two approaches to the problem. The first was a policy shared by Pres. Frondizi and his personal friend, businessman Rogelio Frigerio: developmentalism. Encoura…