Menu
03/06/2013
US Expansion For Motherwell Aerospace Firm
MB Aerospace has announced its acquisition of US-based aero-engine component manufacturing business Delta Industries.
It is thought to be a multi-million pound deal, but the Motherwell-based firm did not disclose the cost.
Delta, which is based in Connecticut, reported annual sales of more than $60m (£39.5m) last year.
The new deal will see MB Aerospace's projected annual revenue increase to more than £100m as well as increase staff from 370 to 550. The announcement comes just months after US private equity firm Arlington Capital Partners bought a majority stake in MB Aerospace.
MB Aerospace Chief Executive Craig Gallagher said: "With its wide range of capabilities, long-standing customer relationships and its strong management team, the Delta business has been a long-term target for MB Aerospace. It is a perfect fit with our ambitions for future growth.
"Today's announcement adds significant technical capabilities to the group, especially in relation to large-diameter fabrications and robotic welding of complex high-value aero engines components.
"In addition to its high levels of capability, Delta has an industry-leading reputation for its ability to manufacture challenging system-critical components."
MB Aerospace specialises in machined and fabricated components for global aerospace and defence manufacturers.
(JP)
It is thought to be a multi-million pound deal, but the Motherwell-based firm did not disclose the cost.
Delta, which is based in Connecticut, reported annual sales of more than $60m (£39.5m) last year.
The new deal will see MB Aerospace's projected annual revenue increase to more than £100m as well as increase staff from 370 to 550. The announcement comes just months after US private equity firm Arlington Capital Partners bought a majority stake in MB Aerospace.
MB Aerospace Chief Executive Craig Gallagher said: "With its wide range of capabilities, long-standing customer relationships and its strong management team, the Delta business has been a long-term target for MB Aerospace. It is a perfect fit with our ambitions for future growth.
"Today's announcement adds significant technical capabilities to the group, especially in relation to large-diameter fabrications and robotic welding of complex high-value aero engines components.
"In addition to its high levels of capability, Delta has an industry-leading reputation for its ability to manufacture challenging system-critical components."
MB Aerospace specialises in machined and fabricated components for global aerospace and defence manufacturers.
(JP)
Related UK National News Stories
Click here for the latest headlines.
17 May 2012
GM Save Vauxhall Car Plant
General Motors will confirm this morning the survival of the Ellesmere Port car plant, which will become the new production home of it’s new Astra model. The move follows staff at the car company voting by 94% in favour of a new pay and conditions deal, clearing the way for investment in the Ellesmere Port plant.
GM Save Vauxhall Car Plant
General Motors will confirm this morning the survival of the Ellesmere Port car plant, which will become the new production home of it’s new Astra model. The move follows staff at the car company voting by 94% in favour of a new pay and conditions deal, clearing the way for investment in the Ellesmere Port plant.
09 March 2011
Government And Aerospace Come Together To Deliver Growth Programme
A new government and aerospace group set up to tackle issues affecting the competitiveness of the sector - met for the first time today.
Government And Aerospace Come Together To Deliver Growth Programme
A new government and aerospace group set up to tackle issues affecting the competitiveness of the sector - met for the first time today.
07 May 2003
Cash injection into aerospace research announced
A new boost for research in the aerospace industry has been announced today by Industry Minister Alan Johnson. Almost £1.5 million will help develop new technologies and processes to reduce waste during the manufacture of aerospace components. The project will be run by Finite Element Analysis in conjunction with other supply chain companies.
Cash injection into aerospace research announced
A new boost for research in the aerospace industry has been announced today by Industry Minister Alan Johnson. Almost £1.5 million will help develop new technologies and processes to reduce waste during the manufacture of aerospace components. The project will be run by Finite Element Analysis in conjunction with other supply chain companies.
14 December 2011
Gov Pushes Aerospace Business Take Off
Business Secretary Vince Cable has said he plans to address barriers to growth, boost exports and increase the number of high value jobs in the UK's Aerospace industry.
Gov Pushes Aerospace Business Take Off
Business Secretary Vince Cable has said he plans to address barriers to growth, boost exports and increase the number of high value jobs in the UK's Aerospace industry.
04 November 2014
Rolls-Royce Announce 2,600 Job Cuts
A total of 2,600 jobs are to be cut by Rolls-Royce over the next 18 months. It is understood the majority of the job cuts will be in its aerospace division, and will be cut by next year. Announcing the job cuts, chief executive John Rishton said: "We are taking determined management action and accelerating our progress on cost.
Rolls-Royce Announce 2,600 Job Cuts
A total of 2,600 jobs are to be cut by Rolls-Royce over the next 18 months. It is understood the majority of the job cuts will be in its aerospace division, and will be cut by next year. Announcing the job cuts, chief executive John Rishton said: "We are taking determined management action and accelerating our progress on cost.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
