Thomas News Highlights

Modern Machine Shop: Xometry Acquires Thomas

Xometry’s acquisition of Thomas is expected to rapidly expand the company’s buyer and seller base and enhance its global digital marketplace for manufacturers. 

Austin Business Journal: Building A Home? Good Luck With That

Shawn Fitzgerald, president of Thomas, said the causes for the current high prices and long wait times are compounding on each other. "We're dealing with supply chain challenges out of Covid, and now we have this massive backlog that we can't get the stuff for," Fitzgerald said. "Even as you're getting the materials the backlog continues to grow, because there's more demand on the front end because of the shift to remote work and people's desire for new homes."

According to Thomas, demand for cement was up 181% year over year as of late December. For external doors, 162%; for sliding doors 126%. Demand for wooden windows was up 114%. Critical components such as lumber and plywood, which make up a massive portion of traditional homes, have also seen persistently high demand, each up around 40% year over year. 

Cloud Wars Podcast: Thomas Acquired by Xometry - Episode 32

In this episode of Uphoff on Industry, Tony Uphoff and Bob Evans discuss the sale of Thomas to Xometry and what it means for the future of manufacturing.

Plastics Machinery & Manufacturing: Employers play big role in solving labor shortage

Offering apprenticeships and collaborating with other manufacturing companies are among the ways employers can help grow a pool of workers with the right skills.

“In the industrial sector, there are no longer white-collar versus blue-collar jobs, but instead, new-collar jobs that don’t require working in a dark, outdated factory, but rather a high-tech factory floor utilizing new technologies including AI [artificial intelligence], factory automation and machine learning. This generation’s manufacturing industry is clean, safe, and modern,” said Tony Uphoff, the president and CEO of Thomas, the parent company of Thomasnet.com, a leading platform for product sourcing and supplier selection for industrial and manufacturing companies. 

3D Printing Industry: Xometry Acquires Thomas For $300 Million To Expand Global Buyer and Seller Base

Global manufacturing marketplace Xometry has acquired product sourcing, supplier selection, and digital marketing leader Thomas in a deal valued at $300 million.

MediaPost: Well-Known Online B2B Marketplace Thomas Is Sold To Xometry

Xometry, a publicly traded online marketplace for on-demand buying and selling in the manufacturing space, announced on Tuesday the acquisition of Thomas, a one-time directory publisher with a similar product sourcing and supplier selection business model.

TCT Magazine: Xometry acquires Thomas in $300m deal

Xometry has announced the acquisition of Thomas, a leading sourcing, supplier selection and digital marketing company. 

Technical.ly: Maryland's Xometry acquired industrial supplier Thomas for $300M

Xometry, the Rockville, Maryland company announced Wednesday that it acquired New York-based product sourcing and supplier Thomas in a deal worth $300 million. Xometry acquired the company for approximately $198.5 million in cash plus $101.5 million of its stock.

Business Journal: Xometry to acquire New York company for $300M

Xometry Inc. (NASDAQ: XMTR) has inked a deal to snap up a New York digital marketing company for $300 million, a move that stands to rapidly expand the newly public manufacturing firm and speed up its path to profitability.

Industry Week: Xometry Acquires Thomas for $300M in Cash and Stock

The on-demand manufacturer absorbs a network of over half a million commercial and industrial sellers.