Arconic sells Firth Rixson Forgings

Posted on: December 4th, 2019 by PhilM

Arlington Capital Partners has acquired Firth Rixson Forgings Limited from Arconic on undisclosed terms.

Washington DC based Arlington Capital announced the acquisition on 2 December. Firth Rixson Forgings will become part of Forged Solutions Group, formed in November 2019 by Arlington Capital as its aerospace forging platform.

Located in Sheffield, Firth Rixson provides complex closed die forgings, forged discs and proprietary forward-and-backward extrusion produced shafts and cylinders primarily for OEM and Tier 1 aerospace and defence engine customers.

Peter Manos, a Managing Partner at Arlington Capital, said “The Company is a perfect complement to our recent acquisition of Doncasters Group’s Blaenavon Forging business. The Company possesses proprietary and difficult-to-replicate manufacturing capabilities and is well positioned on fast growing, next generation engine platforms such as the LEAP, and additionally has a strong portfolio of aftermarket components on sole sourced programs.”

Arlington Capital acquired Doncasters Group’s Blaenavon forging business in South Wales in mid November, which also now operates in the Forged Solutions Group.

“We are excited to partner with a veteran aerospace investor in Arlington Capital and the management team at Blaenavon to embark on the Company’s next chapter of growth. The combination of the two businesses and the creation of Forged Solutions Group creates a supplier with the available capacity of five manufacturing facilities, complementary and fully integrated manufacturing and testing capabilities, a broader product portfolio, and strong managerial expertise to better serve our customers,” said Ben McIvor, General Manager of Firth Rixson.

Erica Son, a Vice President at Arlington Capital, said, “We could not be happier to have Ben, his deeply experienced team, and Firth Rixson’s long history in aerospace forging join Forged Solutions Group and partner with Arlington Capital. Forged Solutions Group will continue to evaluate strategic acquisitions that add new customers, new capabilities, and geographic reach to better serve our customers.”

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