ARC Group Worldwide Hires Former CEO of Indo-MIM to Head International Sales
DELAND, Fla., July 7, 2014 /PRNewswire/ -- ARC Group Worldwide, Inc. (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, today announced the hiring of Ali Fadel, as the Vice President of International Sales and Business Development, a newly created role at ARC. Mr. Fadel is a metal injection molding industry veteran, having formerly held the position of CEO at Indo-MIM. Mr. Fadel has had an extensive international sales and advanced manufacturing career, having also held leadership positions at General Dynamics, Barnes Group, Herman Miller, Chrysler, and Textron. Mr. Fadel holds a B.S. in Chemistry and Biology and a Double Masters in Industrial and Chemical Engineering. In this newly created role, Mr. Fadel will focus on distributing ARC products worldwide.
Jason Young, Chairman and CEO of ARC commented, "We are honored to have Mr. Fadel join our team. Mr. Fadel has an exceptional background in advanced manufacturing and metal injection molding, combined with an international sales background. While ARC has meaningful penetration in the US and European markets, we believe there are growth opportunities outside of those markets, particularly in regions such as Asia. With the addition of Mr. Fadel, we should be able to further cement our leading position in MIM and gain additional market share. His background is also quite strategic to our overall business model, which should add to our ability to cross sell ARC products and bring our advanced manufacturing and 3D printing solutions to new markets."
Mr. Fadel commented, "I am very excited to join the ARC team. I have always had great respect for ARC's leadership in MIM. I also believe they have put together the most compelling platform in advanced manufacturing, with their holistic approach and focus on technology, which is what attracted me to ARC. I also think their unique approach of combining additive and subtractive technology is an excellent long term strategy. I believe there is a big opportunity to take their product offering and technology to new international markets, which I am quite excited to get to work on."
About ARC Group Worldwide, Inc.
ARC Group Worldwide is a leading global advanced manufacturing and 3D printing service provider. Founded in 1987, the Company offers its customers a compelling portfolio of advanced manufacturing technologies and cutting-edge capabilities to improve the efficiency of traditional manufacturing processes and accelerate their time to market. In addition to being a world leader in metal injection molding ("MIM"), ARC has significant expertise in 3D printing and imaging, advanced tooling, automation, machining, plastic injection molding, lean manufacturing, and robotics. For more information about ARC Group Worldwide, please visit www.ArcGroupWorldwide.com, or its operating subsidiaries at www.3DMaterialTechnologies.com, www.AFTmim.com, www.AFTmimHU.com, www.ARCmim.com, www.ArcWireless.net, www.ATCmold.com, www.FloMet.com, www.GeneralFlange.com, www.Injectamax.com, www.kecycorporation.com, www.TeknaSeal.com, and www.ThixoWorks.com.
This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations, estimates and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements and financial projections, ARC's ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For additional factors that may affect future results, please see filings made by ARC with the Securities and Exchange Commission ("SEC"), including its Form 10-K for the fiscal year ended June 30, 2013 and Form 10-Q for the period ended March 30, 2014, as well as current reports on Form 8-K filed from time-to-time with the SEC.
CONTACT: Drew M. Kelley
PHONE: (303) 467-5236
SOURCE ARC Group Worldwide, Inc.