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Sumitomo Investment to Assist Sintavia in Scaling AM-Production Capacity

Wednesday, August 5, 2020
 

Sumitomo Corp. of Americas (SCOA) and Sintavia, LLC have announced that a new investment by SCOA, following an initial investment in 2018, will be used to fund Sintavia’s growing business of providing additively manufactured (AM) parts to aerospace and space customers worldwide.

The investment will help Sintavia scale its production capacity for flight-critical AM components while continuing to advance its technical capabilities. In addition to the financial investment, SCOA and Sintavia will continue to identify opportunities to apply Sintavia’s AM and design capabilities toward Sumitomo Corp. Group’s global industrial activities.

“We truly value SCOA as a long-term partner for Sintavia and are excited to expand our existing relationship,” says Brian R. Neff, Sintavia CEO and managing partner of Neff Capital Management LLC, Sintavia’s majority owner. “With this investment, we are further aligning ourselves with a global thought leader in AM that is committed to supporting our continued growth.”

Adds Kevin Hyuga, senior vice president and general manager of SCOA’s Construction and Transportation Systems Group: “Since our initial investment in 2018, we’ve been impressed by Sintavia’s leadership and growth in such a short time. We see continued synergies in the future through this partnership, and look forward to continuing to help Sintavia support the aerospace and space industries. Moreover, Sintavia is well-aligned with our company’s sustainability goals. Through its technology, Sintavia is capable of reducing waste in the AM-production process, allowing end-stage products to fly lighter, ultimately reducing greenhouse gases and helping to create a more sustainable society.”

The transaction is expected to close later this year. RBC Capital Markets acted as exclusive advisor to Sintavia on the transaction.

 

See also: Sintavia LLC


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