PE-backed MCT taps Martin as CEO

Midwest Composite Technologies, which is backed by CORE Industrial Partners, has named Ryan Martin as its new CEO. Recently, Martin was general manager for GE Additive Americas Sales.

PRESS RELEASE

HARTLAND, Wis.–(BUSINESS WIRE)–Midwest Composite Technologies (“MCT”), a portfolio company of CORE Industrial Partners and leading additive manufacturer of prototype and low-volume production components, today announced that its board of directors has appointed Ryan Martin, a former GE Additive executive, as the Company’s new CEO.

Mr. Martin joins MCT with over 14 years of leadership experience spanning across sales, marketing, product development, and general management. He most recently served as General Manager for GE Additive Americas Sales, a global leading additive manufacturing equipment and services company, where he led the integration and expansion of the commercial team which experienced exponential growth and record-breaking orders in 2018. He was also critical in the integration of the Concept Laser and Arcam businesses into GE Additive and led the commercialization of multiple new products that GE Additive has brought to the market. Mr. Martin holds a Bachelors in Marketing from the Ivy College of Business at Iowa State University.

“I’m thrilled to be taking on the role of CEO at MCT, especially at a critical time when the company is poised for significant long term growth,” said Mr. Martin “MCT has developed a unique and broad range of capabilities and deep expertise with over 40 additive manufacturing machines including in-house selection laser sintering (“SLS”), direct metal laser sintering (“DMLS”), polyjet printing (“PJET”), and fused deposition modeling (“FDM”) technologies, in addition to their CNC Machining, injection molding, and industrial design capabilities. Each of these capabilities allows MCT to collaboratively work with our customers to provide the best solution for their rapid prototyping and production needs all while providing industry leading turnaround times and service. MCT has an incredible value proposition with an extremely talented team and we look forward to sharing our story with customers in the coming months and years.”

“MCT is currently experiencing exponential growth and we believe Ryan’s past leadership roles at GE Additive and his experience in the additive manufacturing industry make him the ideal candidate for CORE Industrial Partners’ additive manufacturing platform,” said TJ Chung, Chairman of the Board of MCT and Senior Partner of CORE Industrial Partners. “Ryan’s deep commercial background in multiple senior commercial leadership roles at GE and his ability to grow businesses and build great teams are exactly the skill set that we are looking for and we are very excited to have him accelerate the growth of MCT.”

ABOUT MIDWEST COMPOSITE TECHNOLOGIES:
Midwest Composite Technologies is a leading additive manufacturer of prototype and low-volume production components for a variety of end markets, including medical, aerospace, research & development, consumer and general industrials. Founded in 1984, MCT is headquartered in Hartland, Wisconsin, and serves a diverse customer base from a 120,000 square foot facility. For more information, visit www.midwestcomposite.com.

ABOUT CORE INDUSTRIAL PARTNERS:
CORE Industrial Partners is a Chicago-based private equity firm investing in North American lower middle-market manufacturing and industrial technology businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience and a proven track record of building market leading businesses. Through our capital, insight and operational expertise, CORE partners with management teams to create unique value, grow revenues and consistently deliver lasting results. For more information, visit www.coreipfund.com.