Stratasys sells metal parts-making facility to Cumberland Additive

NEWS RELEASE: Stratasys Completes Sale of its Stratasys Direct Parts-Making Facility in Austin, Texas

Sale transfers ownership and operations of the facility to Cumberland Additive

EDEN PRAIRIE, Minn. & REHOVOT, Israel — Stratasys Ltd. (NASDAQ: SSYS), a leader in polymer 3D printing solutions, announced today it has completed the sale of the Stratasys Direct, Inc. facility in Austin, Texas to Cumberland Additive, Inc.

Stratasys Direct is the company’s on-demand parts service bureau. The sale of the metal facility in Austin follows the August sale of the Stratasys Direct urethane facilities. This decision, along with operational transformation efforts that began in early 2023, will drive better focus, accountability, internal efficiency, and speed to customer, while simultaneously improving profitability.

This transformation positions the Stratasys Direct parts business to:

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