Friday April 14, 2017 0 comments
LOVELAND -- Aleph Objects, Inc., makers of LulzBot 3D printers, announced the purchase of a new facility to house growing sales, marketing and support teams, and a $3-million line of credit with Bank of the West.
The company said it has experienced impressive growth since its founding, ranking as the United States’ #1 fastest-growing, privately-held computer hardware company on the 2016 Inc. 500 list.
“Aleph Objects’ new facility and increased access to capital will drive the company’s next stage of growth in the rapidly growing 3D printing industry,” said Harris Kenny, Aleph Objects president.
The 6,500-square-foot, three-story office building in Loveland is located across the street from scenic Lake Loveland and near the restaurants and shops of Loveland’s historic downtown.
“Aleph Lago,” as the building has been named, will supplement the current 17,000-square-foot Aleph “Mountain” building, also located in Loveland. Aleph Lago features a creative studio for content production, numerous collaborative spaces, and an open office environment with views of the lake and mountains.
The move will also have a positive impact at Aleph Mountain, the company said.
“We have numerous exciting development projects underway,” said Julie Pettit, Aleph Objects R&D manager. “Additional space will increase our efficiency so we can get next generation LulzBot technology in customers’ hands sooner.”
The move will also free up space for manufacturing, shipping/receiving, and procurement, which will remain at Aleph Mountain, the company said.
Also supporting the company’s expansion plans is a new $3-million line of credit with Bank of the West. The financial flexibility will be a useful tool as the Aleph Objects executive team makes plans for continued growth, the company said.
“Manufacturing continues to play a critical role in the American economy and we’re dedicated to providing businesses like Aleph Objects with the resources required for smart growth,” said Michelle Di Gangi, EVP of Small & Medium Enterprise Banking at Bank of the West.
“We offer our industry expertise and global reach to help our clients and communities thrive.”
The company said its expanded footprint and buying power will enable continued leadership in the 3D printing industry with Free Software, Libre Innovation, and Open Source Hardware.
Regularly scheduled 3D printer factory tours at Aleph Mountain will continue through the move unless otherwise announced, and take place on Friday afternoons at 2 p.m. If interested, contact [email protected].