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.