VulcanForms Secures $500 Million to Build Three New Factories

Devens, MA-based advanced materials manufacturer VulcanForms has reached an agreement for $500 million in financing led by J.P. Morgan and funds managed by Apollo to build three new factories, including one in Massachusetts. The new Massachusetts facility join three others VulcanForms either operates or has planned.

The additional capital will accelerate the company’s manufacturing expansion and further advance the integration of physical AI into its platform, VulcanWorks said. The financing also reflects growing institutional recognition of the strategic importance of advanced manufacturing to American economic competitiveness and supply-chain resilience. The transaction is part of JPMorganChase’s Security and Resiliency Initiative.

“America cannot lead the next industrial revolution if we can’t manufacture what we invent,” said Kevin Kassekert, CEO of VulcanForms. “For too long, breakthrough technologies developed here have been manufactured overseas. VulcanForms is proving we can change that by turning American innovation into industrial-scale production and demonstrating that the U.S. can not only compete, but also win on the global stage.”