MB Aerospace on Monday said it has acquired Centrax Turbine Components, adding new customers and capabilities.
Terms of the deal were not disclosed.
Centrax’ customers include Britain’s Rolls-Royce, France’s SNECMA, and Solar for products on a range of end platforms such as Airbus Group’s A320 NEO and Boeing’s [BA] 737 commercial aircraft, and Brazil’s Embraer for products on regional jets. Centrax’ engine components are also used on the C-130J cargo transport and Marine Corps V-22 tiltrotor.
MB and Aerospace and Centrax are both based in Britain. This is MB’s first acquisition since it was acquired last year by the private equity firm Blackstone Group [BX] from another investment firm, Arlington Capital Partners.
“The acquisition of Centrax Turbine Components is a perfect fit for the MB Aerospace group strategy, enhancing our customer diversification, addressing new capabilities of highly-engineered rotating components in the compressor and turbine sections of the engine, as well as bringing many special process technology capabilities to our operations in the U.K.,” Craig Gallagher, CEO of MB Aerospace, said in a statement.
Centrax’ management is remaining with the company, which has been rebranded MB Aerospace Newton Abbott and will focus on the automated machining, grinding and robotic polishing of highly-engineered rotating gas-path components. The turbine components business has 430 employees and manufactures turbine aerofoils, compressor aerofoils, and other turbine products.
MB Aerospace acquired Centrax Turbine Components from Centrax Group, which retains the Gas Turbines division that specializes in the manufacture and support of distributed power supply systems.
MB Aerospace’s financial adviser on the deal was Morgan Stanley & Co.