Proto Labs plans German facility closures with $4.5 million to $6.0 million in charges
On October 21, 2024, Proto Labs' board approved a plan to close its prototype injection molding facility in Eschenlohe, Germany, and discontinue Direct Metal Laser Sintering 3D printing services at its Putzbrunn, Germany facility. The company expects total restructuring charges of $4.5 million to $6.0 million and cash expenditures of $3.0 million to $4.0 million, mostly for severance, and says it will keep offering manufacturing services across Europe through internal facilities and partners.
Key points
- Board approved the plan on October 21, 2024, closing the Eschenlohe injection molding facility and discontinuing 3D printing services at Putzbrunn, Germany.
- Total restructuring charges expected at $4.5 million to $6.0 million, including $2.5 million to $3.5 million in severance and $2.0 million to $2.5 million in facility write-downs.
- About $4.0 million of the charge expected in the fourth quarter of 2024; total cash expenditures expected at $3.0 million to $4.0 million.
- Plan expected to be substantially complete within the next year.
The filing
Written by AI on Nov 8, 2026, 6:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 25, 2024.
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