Protolabs Expands Additive Manufacturing Footprint

  • Proto Labs Inc PRLB signed an occupancy agreement to expand its additive manufacturing footprint in the Raleigh, N.C., area due to growing demand for its 3D printing services.
  • Breaking ground later this month, the second location adds 120,000 sq. ft. of manufacturing capacity to its current facility near Morrisville, N.C.
  • Protolabs worked with Capital Associates, a Raleigh-based real estate company, to facilitate the development of the manufacturing facility.
  • Capital Associates will be the property owner, and Protolabs expects to occupy the location by late 2022.
  • Price Action: PRLB shares are trading lower by 1.71% at $72.00 on the last check Wednesday.
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