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Oxford Performance Materials Closes $10M Second Round Investment from Hexcel Money & Funding

by Business

Oxford Performance Materials, Inc. (OPM), a leader in advanced materials science and high performance additive manufacturing (HPAM), today announced that it has closed on an additional round of strategic investment from Hexcel Corporation. In May 2016, OPM and Hexcel announced an initial strategic investment from Hexcel of $15 million. The second round of investment from Hexcel is $10 million, for a total equity investment of $25 million to date.

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Carpenter Technology to Acquire Assets of Puris LLC for $35M Additive Manufacturing

by Business

Carpenter Technology Corporation, a leading producer and distributor of premium specialty alloys, today announced the execution of a definitive asset purchase agreement for the purchase of substantially all of the assets and business of Puris LLC (“Puris”), a producer of titanium powder for additive manufacturing and advanced technology applications, for $35 million. The assets and business to be acquired include Puris’ titanium powder operations and business, additive manufacturing assets, patents and related intellectual property.