Formerly | The ProtoMold Company |
---|---|
NYSE:
PRLB S&P 600 Component | |
Founded | 1999 |
Founder | Larry Lukis |
Headquarters | , U.S. |
Area served | Global |
Key people | Larry Lukis, Brad Cleveland Robert Bodor (CEO) |
Products | Prototyping and short-run production parts |
Revenue | $445.6 million (2018) |
Number of employees | 2,700 (2019) |
Website |
www |
Protolabs is a company that provides rapid manufacturing of low-volume 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and short-run production. [1] [2] [3] [4] [5] [6] Markets like medical devices, electronics, appliances, automotive and consumer products use these parts. [5] [6] [7] Protolabs' headquarters and manufacturing facilities are located in Maple Plain, Minnesota. [1] [3] [8] [9] The company also has manufacturing facilities in England, Germany, and Japan. [1] [3]
In 1999, Larry Lukis founded the Protomold Company, Inc., that specialized in the quick-turn manufacture of custom plastic injection molded parts. [2] [5] Protomold was recognized for its small batch molded parts and rush orders. [10] He previously ran ColorSpan, an original equipment manufacturer that produces printers and desktop publishing systems. [2] He was the chief technology officer of Protomold. [2] Later, in 2001, Brad Cleveland joined Protomold as CEO and president. [1] [2] [9] [11]
In 2005, Protomold opened up its first UK plant in Telford, England. [12] Two years later, Protomold introduced the Firstcut quick-turn CNC machining service. [13]
In 2009, the company combined its Protomold and Firstcut services under its corporate name, Proto Labs Inc., known colloquially and in official messaging as Protolabs. [3]
In 2009, Protolabs opened a location in Japan to serve Japanese design engineers. [3] In the same year, Firstcut, a service from Protolabs, made available CNC-machined prototype parts made of aluminum, as well as ABS, nylon, and PEEK. [14]
In February 2012, Protolabs completed its initial public offering of common stock. [15] [16]
In 2013, Protolabs reached $150 million in revenue. [17] In 2014, Protolabs acquired the North Carolina-based 3-D printing company, FineLine Prototyping Inc. In fall 2016, Protolabs' 3D printing services moved to a new 77,000 sq. ft. facility in Cary, North Carolina. The company also opened a plant in Plymouth, Minnesota. [18] [19] [20] [21]
In February 2014, Vicki Holt was named CEO. She was hired to help Protolabs become a billion dollar manufacturing company. Holt is expanding Protolabs into the medical equipment markets and the lighting industry. [10]
In November 2017, Protolabs acquired RAPID Manufacturing in Nashua, New Hampshire for an aggregate purchase price of $120 million to expand into sheet metal fabrication capabilities. [22]
During the 2019–2020 coronavirus pandemic, Protolabs began producing face shields, plastic clips, and components for coronavirus test kits for use in Minnesota hospitals. [23] The company also collaborated with the University of Minnesota to produce parts for a low-cost ventilator. [23]
In January 2021, Protolabs announced an agreement to acquire Amsterdam-based manufacturing platform 3D Hubs for $280 million in cash and stock plus incentives. [24]
In March 2021, Holt plans to retire and will be succeeded as CEO by VP and GM of Americas, Robert Bodor, according to a company announcement. [25]
In 2011, Protolabs launched the Cool Idea! Award program. The program awards a total of up to $250,000 each year in services to entrepreneurs with innovative product ideas in the United States and Europe. [26] [27] [28]
Formerly | The ProtoMold Company |
---|---|
NYSE:
PRLB S&P 600 Component | |
Founded | 1999 |
Founder | Larry Lukis |
Headquarters | , U.S. |
Area served | Global |
Key people | Larry Lukis, Brad Cleveland Robert Bodor (CEO) |
Products | Prototyping and short-run production parts |
Revenue | $445.6 million (2018) |
Number of employees | 2,700 (2019) |
Website |
www |
Protolabs is a company that provides rapid manufacturing of low-volume 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and short-run production. [1] [2] [3] [4] [5] [6] Markets like medical devices, electronics, appliances, automotive and consumer products use these parts. [5] [6] [7] Protolabs' headquarters and manufacturing facilities are located in Maple Plain, Minnesota. [1] [3] [8] [9] The company also has manufacturing facilities in England, Germany, and Japan. [1] [3]
In 1999, Larry Lukis founded the Protomold Company, Inc., that specialized in the quick-turn manufacture of custom plastic injection molded parts. [2] [5] Protomold was recognized for its small batch molded parts and rush orders. [10] He previously ran ColorSpan, an original equipment manufacturer that produces printers and desktop publishing systems. [2] He was the chief technology officer of Protomold. [2] Later, in 2001, Brad Cleveland joined Protomold as CEO and president. [1] [2] [9] [11]
In 2005, Protomold opened up its first UK plant in Telford, England. [12] Two years later, Protomold introduced the Firstcut quick-turn CNC machining service. [13]
In 2009, the company combined its Protomold and Firstcut services under its corporate name, Proto Labs Inc., known colloquially and in official messaging as Protolabs. [3]
In 2009, Protolabs opened a location in Japan to serve Japanese design engineers. [3] In the same year, Firstcut, a service from Protolabs, made available CNC-machined prototype parts made of aluminum, as well as ABS, nylon, and PEEK. [14]
In February 2012, Protolabs completed its initial public offering of common stock. [15] [16]
In 2013, Protolabs reached $150 million in revenue. [17] In 2014, Protolabs acquired the North Carolina-based 3-D printing company, FineLine Prototyping Inc. In fall 2016, Protolabs' 3D printing services moved to a new 77,000 sq. ft. facility in Cary, North Carolina. The company also opened a plant in Plymouth, Minnesota. [18] [19] [20] [21]
In February 2014, Vicki Holt was named CEO. She was hired to help Protolabs become a billion dollar manufacturing company. Holt is expanding Protolabs into the medical equipment markets and the lighting industry. [10]
In November 2017, Protolabs acquired RAPID Manufacturing in Nashua, New Hampshire for an aggregate purchase price of $120 million to expand into sheet metal fabrication capabilities. [22]
During the 2019–2020 coronavirus pandemic, Protolabs began producing face shields, plastic clips, and components for coronavirus test kits for use in Minnesota hospitals. [23] The company also collaborated with the University of Minnesota to produce parts for a low-cost ventilator. [23]
In January 2021, Protolabs announced an agreement to acquire Amsterdam-based manufacturing platform 3D Hubs for $280 million in cash and stock plus incentives. [24]
In March 2021, Holt plans to retire and will be succeeded as CEO by VP and GM of Americas, Robert Bodor, according to a company announcement. [25]
In 2011, Protolabs launched the Cool Idea! Award program. The program awards a total of up to $250,000 each year in services to entrepreneurs with innovative product ideas in the United States and Europe. [26] [27] [28]