SOURCE: ARC Group Worldwide, Inc.

ARC Group Worldwide

April 05, 2016 16:15 ET

ARC Group Worldwide Announces Alan G. Quasha as Chairman

DELAND, FL--(Marketwired - April 05, 2016) - ARC Group Worldwide, Inc. ("ARC" and the "Company") (NASDAQ: ARCW), a leading global provider of advanced manufacturing and 3D printing solutions, announced today that it has appointed Mr. Alan G. Quasha as Chairman of the Board.

Mr. Quasha is the Chief Executive Officer of Quadrant Management, Inc. ("QMI"), a principal investment management firm he founded in 1978. Through QMI, Mr. Quasha has started, purchased, and built dozens of businesses across the U.S. and international markets. Mr. Quasha has deep expertise in the manufacturing industry, among various other industries. An affiliate of QMI was previously the majority owner of several ARC subsidiaries, including FloMet, which was one of the early pioneers of metal injection molding.

ARC Chief Executive Officer, Jason Young, commented, "We are grateful to have Alan join ARC as Chairman given his strong track record of building businesses and proven entrepreneurial experience. Furthermore, his more than 30 year history of leadership and deep operating understanding in the technology and manufacturing sectors, most notably in the metal powder industry, fits exceptionally well with our strategy."

Mr. Quasha is also an Investment Committee Member of Trilantic Capital Partners Fund IV and V, and a board member of Compagnie Financiere Richemont (SWISS: CFR.VX) SA. He also serves on the board of numerous other companies, including his roles as Chairman of Carret Asset Management, LLC and Chairman of Brean Capital, LLC. Mr. Quasha holds a Bachelor's degree from Harvard College, an MBA from Harvard Business School, a Master of Law degree from New York University Law School, and a Doctorate of Law from the Harvard Law School.

About ARC Group Worldwide, Inc.

ARC Group Worldwide, Inc. is a leading global advanced manufacturing and 3D printing service provider. The Company offers its customers a compelling portfolio of advanced manufacturing technologies and cutting-edge capabilities to improve the efficiency of traditional manufacturing processes and accelerate their time to market. In addition to being a world leader in metal injection molding, ARC has significant expertise in plastic and metal 3D printing, precision metal stamping, traditional and clean room plastic injection molding, advanced rapid tooling, thixomolding, lean manufacturing, antennas, hermetic seals, robotics, software and flanges and forges.

Forward Looking Statements

This press release may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995, which are based on ARC's current expectations, estimates, and projections about future events. These include, but are not limited to, statements, if any, regarding business plans, pro-forma statements, and financial projections, including ARC's ability to expand its services and realize growth. These statements are not historical facts or guarantees of future performance, events, or results. Such statements involve potential risks and uncertainties, and the general effects of financial, economic, and regulatory conditions affecting our industries. Accordingly, actual results may differ materially. ARC does not have any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For further information on risks and uncertainties that could affect ARC's business, financial condition and results of operations, readers are encouraged to review Item 1A. - Risk Factors and all other disclosures appearing in ARC's Form 10-K for the fiscal year ended June 30, 2015 and Form 10-Q for the period ended December 27, 2015 as well as current reports on Form 8-K filed from time-to-time with the Securities and Exchange Commission.

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