3D Systems to sell on-demand manufacturing business.

Rock Hill-headquartered 3D printing company 3D Systems has agreed to sell its on-demand manufacturing business to private equity firm Trilantic North America for $82 million.

The sale, subject to closing conditions and adjustments, includes the company's on-demand manufacturing experts and facilities in Tennessee, Washington, France, Italy and England, according to a news release. The on-demand manufacturing business will be rebranded as Quickparts and offer advanced manufacturing services including additive and subtractive capabilities.

The move will allow 3D Systems to focus on strengthening its position as a market leader in additive manufacturing solutions for growing markets that demand high-reliability products, according to a news release. The company will continue to collaborate with Quickparts to support shared customers after the sale closes.

"We are continuing to aggressively execute our four-phase plan that we announced a year ago to position the company for exciting growth and profitability as the market for industrial-scale additive manufacturing continues to expand," Jeffrey Graves, 3D Systems president and CEO, said in the release. "The on-demand manufacturing business, with its focus on the rapid production of components using a multitude of digital manufacturing methods, is a solid business that has a very bright future under the stewardship of Trilantic North America."

In May, 3D Systems announced an 50,000-square-foot expansion of its Colorado facility to increase its health care and industrial application development and production capabilities. In February, the...