ATC Manufacturing is preparing for a forecasted 100% boost in revenue over the next two years. This growth can be attributed to Lakeside Capital Group’s active private equity in ATC. This has allowed the company to invest in new technologies to capitalize on the increased use of thermoplastic composites (TPC) in the industry. The Spokane Journal recently interviewed David Leach, director of business development at ATC on what’s driving this incredible industry growth.
In the article, Leach attributes the boost to large aerospace companies, such as Boeing, Airbus, Gulfstream, and others, adopting and increasing their usage of thermoplastic composites (TPC) in the aerospace industry. There are significant benefits to using TPCs, such as reduced cost, flexibility in the design, strength and stiffness. TPCs cost less than thermoset composites by 30%.
These benefits are becoming more appealing to the aerospace industry and ATC Manufacturing will be prepared to handle the growth. ATC currently produces over 70,000 parts a month and describes the slow rate of adoption by the industry in the past and why the growth rate is increasing rapidly.
Lakesides active private equity investment in ATC Manufacturing has also helped double the employee count and helped the company move into its new facility in Post Falls. The 150 plus employee company has room for further growth, and the article outlines the training timeline.
ABOUT ATC MANUFACTURING: Founded in 2004 by Dan Jorgenson, ATC Manufacturing has become a leader in the development and production of high-performance, light-weight aerospace composite parts. ATC benefits from Lakesides active private equity investment to develop products that are lighter, stronger and more cost effective. The collaboration between Advanced Thermoplastic Composites and Lakeside enabled ATC’s expansion in 2015 into a 67,000-square-foot facility, expanding production to more than one million parts per year.
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You can read the full Spokane Journal Article here.