Forward AM Acquires XSTRAND Line From Owens
The scope of the acquisition entails the transfer of the brand and key IP, but does not envisage the transfer of any personnel.
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August 11, 2020
Forward AM acquired the XSTRAND business line from Owens Corning, effective August 6, 2020. The scope of the acquisition entails the transfer of the brand and key IP, but does not envisage the transfer of any personnel.
This acquisition will enable Forward AM to expand its portfolio with advanced glass fiber-reinforced filaments, according to the companies. The strength of this material meets the needs of customers with applications in 3D printing.
The XSTRAND product line consists of three glass fiber reinforced filaments (Polyamide 6, Polypropylene, Polycarbonate) developed by Owens Corning. Parts printed with glass fiber reinforced filaments demonstrate high rigidity and strength. While the XSTRAND product line contains 30 percent glass fibers, it continues to enable easy printing and handling.
With the integrated glass fibers, the filaments show heat deflection and high durability, among other characteristics, making them suited for applications in 3D printing for automotive or household appliances, for instance.
“Through the acquisition of the Owens Corning XSTRAND business, we are able to serve our customers with new and innovative filaments for 3D printing. By adding these high-performing materials, Forward AM now offers one of the broadest product ranges in the entire Additive Manufacturing industry, with expert solutions tailored to all industrial customer needs,” explains François Minec, managing director BASF 3D Printing Solutions.
“BASF’s capability will enable the further acceleration of XSTRAND products and support future growth of the composites industry,” says Dr. Christopher Skinner, vice president of Strategic Marketing, Composites, Owens Corning. “Owens Corning will continue its collaboration with BASF as we transition XSTRAND to them.”
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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