MOTHERWELL, Scotland, June 2, 2013 /PRNewswire/ --

- Delta Deal Will Lift Group's 2013 Revenues To 100m / $160m-

MB Aerospace, the international aerospace engineering group, has today announced the acquisition of US-based aero-engine component manufacturing business Delta Industries, which had annual revenues in excess of $60m in 2012.

(Photo: http://photos.prnewswire.com/prnh/20130602/618342 )

The multi-million dollar deal to acquire Delta, based in Hartford, Connecticut, will expand the MB Aerospace business to projected revenues of more than $160m (100m) and to 550 employees (up from 370) for the 2013 financial year.

The acquisition follows MB Aerospace chief executive Craig Gallagher leading a secondary MBO of MB Aerospace sponsored by Washington DC based private equity firm Arlington Capital Partners ('Arlington') in March of this year.

Mr 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.

"We are delighted to have succeeded in securing such a highly prized company and we believe that the combined group is positioned to take advantage of the available opportunities for further expansion in the months and years ahead.

"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."

The enlarged group now has a range of capabilities able to provide OEMs with engineering skills/services alongside the complex products found throughout aero, marine and industrial gas turbine engines. Core product technologies include casings, complex fabricated casings, rotating rings, complex structural assemblies and a range of diffusers, sync rings and high-value casings.

Original post:

MB Aerospace Continues Consolidation of Aero-Engine Precision Components Market With Multi-Million Dollar Acquisition