MOTHERWELL, Scotland, June 2, 2013 \/PRNewswire\/ -- <\/p>\n
- Delta Deal Will Lift Group's 2013 Revenues To 100m \/ $160m- <\/p>\n
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. <\/p>\n
(Photo: http:\/\/photos.prnewswire.com\/prnh\/20130602\/618342<\/a> )<\/p>\n 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. <\/p>\n 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. <\/p>\n 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. <\/p>\n \"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. <\/p>\n \"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.\" <\/p>\n 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. <\/p>\n <\/p>\n Original post:<\/p>\n MB Aerospace Continues Consolidation of Aero-Engine Precision Components Market With Multi-Million Dollar Acquisition<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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<\/a> ) 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. Continue reading