May 27 2013
Tenere Inc., a full-service designer and fabricator of complex metal and plastic components and assemblies, today announced that it has acquired Protogenic, a quality-driven rapid prototyping and casting company. The acquisition expands Tenere’s portfolio of services for helping manufacturers transform complex engineering concepts into commercial products.
“Tenere was attracted to Protogenic’s expertise in a wide range of rapid prototyping processes,” said Jon Fisk, Tenere’s Vice President of Operations. “We have been impressed by Protogenic’s ability to create high-quality prototypes in a fast-paced industry. Not only is Protogenic a leader in rapid prototyping, it’s also well-aligned with Tenere in keeping customers’ needs the top priority.”
“I believe this acquisition will be highly beneficial for both groups and their customers,” said Jeff Tomassoni, Tenere’s Vice President of Sales.
“This collaboration will allow Tenere to become a stronger partner for OEMs in the development process.”
Protogenic makes high-quality prototypes using advanced capabilities such as stereolithography, laser sintering, 3D printing, cast urethane and cast silicone. The company takes pride in building long-standing relationships with manufacturers in fast-moving industries such as medical devices, aerospace, defense, electronics and consumer goods. Protogenic serves more than 800 customers each year with its custom casting and prototyping services. Founded in 1990, the company operates in Westminster, Colo., with approximately 38 employees and 22,000 square feet of manufacturing space.
“We’re excited to become part of Tenere,” said Jason Boh, the head of Protogenic. “The investment possibilities will allow Protogenic to grow and continue providing customers with the latest technologies and services to meet their advanced manufacturing needs.”
In Tenere’s acquisition of Protogenic, Cole Taylor Bank and Medley Capital served as the lenders, and Goodwin Procter provided legal counsel.
Source: http://www.tenere.com