Fathom Digital Manufacturing completes its merger with Altimar Acquisition Corp. II

HARTLAND, Wisconsin – (COMMERCIAL THREAD) – Fathom Digital Manufacturing Corp. (“Fathom” or the “Company”), an industry leader in on-demand digital manufacturing services, today announced the completion of its previously announced business combination with Altimar Acquisition Corp. II (“Altimar”), an ad hoc acquisition company. The business combination, which was approved by a vote of Altimar shareholders, closed on December 23, 2021. Prior to the business combination, Fathom was a private holding company of CORE Industrial Partners (“CORE”) , a Chicago-based private equity firm. a company focused on the investment and growth of middle market manufacturing, industrial technology and industrial services companies. CORE will remain the main shareholder of the combined business.

Fathom will continue to be led by Managing Director Ryan Martin, CFO Mark Frost, Commercial Director Rich Stump and Chairman of the Board TJ Chung, all of whom have extensive experience in on-demand digital manufacturing services. .

Fathom offers a wide range of advanced manufacturing services through a differentiated and technology independent strategy focused on speed, problem solving, adaptive technical responsiveness and manufacturing expertise, enabling businesses to iterate faster and shorten their product development and production cycles. Fathom also enables customers to consolidate and localize their supply chains through the shift to Industry 4.0, the digitization of manufacturing, providing significant growth opportunities in the fragmented $ 25 billion market from manufacturing to low and medium volume. Continuing to leverage its proven business model, Fathom has secured new contracts with leading innovative companies, achieving continued market penetration for its additive and traditional manufacturing technologies and increasing its order backlog.

“We are taking this step because we are a strong and profitable company, and believe that our NYSE listing will accelerate Fathom’s growth, both organic and inorganic, using our stocks as a currency to advance our M&A strategy. and investing in promising new technologies across the industry, ”said Mr. Martin. “These new technologies will allow us to serve our target markets with greater efficiency and responsiveness than ever before. Our extensive capabilities ranging from rapid prototyping to small to medium volume production, our proprietary software suite, our engineering expertise and our comprehensive support system are competitive advantages that we believe will allow us to continue to execute our strategic plan and to generate strong profitable growth. ”

“Fathom offers an exciting new paradigm – fast, technologically sophisticated, flexible and designed for rapid growth,” said Mr. Chung, senior partner at CORE. “This is an opportunity for us to increase our product offering to better serve our customers and fuel their accelerated pace of new product development and manufacturing innovation while expanding our geographic and strategic reach. ”

“With the completion of this transaction, Fathom has solidified its position at the forefront of the growing on-demand digital manufacturing industry,” said John May, Founder and Managing Partner of CORE. “The company’s unique on-demand platform and its diverse offerings serve a wide variety of customers, from the Fortune 500 to disruptive high-growth startups, and are ideally suited to the challenges and opportunities faced by manufacturers today.” hui. We are extremely proud of the incredible growth and innovation the Fathom team has achieved over the past three years since our first partnership with the company, and we are delighted to remain Fathom’s largest investor. We are convinced that Fathom’s solid foundations will enable the company to achieve further success in the public markets.


In connection with the closing of the business combination, JP Morgan Securities LLC and Stifel acted as joint financial advisers and Winston & Strawn LLP as legal counsel to Fathom. JP Morgan Securities LLC and Stifel acted as joint investment agents and capital markets advisers, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisers to Altimar. Mayer Brown LLP served as legal counsel to the placement officers.

About Fathom Digital Manufacturing

Fathom is one of the largest on-demand digital manufacturing platforms in North America, serving the comprehensive product development and small to mid-volume manufacturing needs of the world’s largest and most innovative companies. With over 25 unique manufacturing processes and a nationwide presence with nearly 450,000 square feet of manufacturing capacity in 12 facilities, Fathom seamlessly combines in-house capabilities with plastic and metal additive technologies, CNC machining, molding injection and tooling, sheet metal fabrication and design and engineering. With more than 35 years of industry experience, Fathom is at the forefront of the Industry 4.0 digital manufacturing revolution, serving customers in the technology, defense, aerospace sectors. , medicine, automotive and IOT. Fathom’s certifications include: ITAR Registered, ISO 9001: 2015 Design Certified, ISO 9001: 2015, ISO 13485: 2016, AS9100: 2016 and NIST 800-171. To find out more, visit fathommfg.com.

About Altimar Acquisition Corp. II

Altimar was a special purpose acquisition company incorporated for the purpose of effecting a merger, share swap, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with one or more companies or entities. Altimar was sponsored by Altimar Sponsor II, LLC, a subsidiary of HPS Investment Partners, LLC.

About CORE Industrial Partners:

CORE Industrial Partners is a Chicago-based private equity firm with $ 700 million in committed capital investing in North American manufacturing, industrial technology and service companies at the lower end of the market. The CORE team is made up of highly experienced former CEOs and investment professionals with common beliefs, in-depth experience and a proven track record in building market-leading companies. With our capital, knowledge and operational expertise, CORE partners with leadership teams and strives to build the best companies. For more information visit coreipfund.com.

Forward-looking statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Words such as “estimates”, “plans”, “s ‘expects’, ‘anticipates’, ‘plans’, ‘plans’, ‘intends’, ‘believes’, ‘seeks’, ‘may’, ” ‘,’ goal ‘,’ goal ‘,’ perspective ”and variations of such similar words or phrases (or negative versions of such words or phrases) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of Fathom, which could cause actual results or results to differ materially from those discussed in forward-looking statements. Significant factors, among others, that may affect actual results include: failure to recognize the anticipated benefits of the business combination; changes in general economic conditions, including as a result of the COVID-19 pandemic; the outcome of disputes relating to or arising from the business combination, or any unfavorable development thereof or the delays or costs resulting therefrom; the ability to meet New York Stock Exchange listing standards after the completion of the business combination; costs associated with the business combination and additional factors discussed in Altimar’s final prospectus / proxy statement filed with the Securities and Exchange Commission (the “SEC”) on December 3, 2021 and documents from Altimar and Fathom deposited or to be deposited with the second. If any of the risks described above materialize or if our assumptions turn out to be incorrect, actual results could differ materially from the results suggested by our forward-looking statements. There may be additional risks that neither Altimar nor Fathom is currently aware of or that Altimar and Fathom currently consider to be insignificant, which could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements reflect the expectations, plans or forecasts of Altimar and Fathom regarding future events and views as of the date of this press release. Although Altimar and Fathom may choose to update these forward-looking statements at some time in the future, Altimar and Fathom expressly disclaim any obligation to do so. These forward-looking statements should not be taken as representing the assessments of Altimar and Fathom as of a date subsequent to the date of this press release. Therefore, one should not place undue reliance on forward-looking statements.

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