Rockwell Forest Products, Inc invests $13 Million in common shares in ExOne.
Rockwell Forest Products is a company completely controlled by S. Kent Rockwell. Kent Rockwell is the CEO and Chairman of ExOne. The investment was offered through a sale of 1.423.877 shares worth 9.13$ each. That price was 0.50$ higher than the official market value at the time of the sale.
S. Kent Rockwell:
“We believe customers, globally, are adopting our 3D printing technology and transforming their manufacturing processes at an accelerating rate, which is requiring ExOne to have the availability of additional working capital. I expect that these funds will provide the Company proper liquidity to meet our 2016 objectives of growth and profitable performance.”
A link to the press release is posted below.