Firth Rixson Acquires Future Tech

Sheffield, UK and East Hartford, CT - Firth Rixson, the major provider of highly engineered forged, cast and other specialty metal products, today announced that it has acquired Future Tech, a southern California based business specializing in the machining of ultra large aerospace components.

Future Tech is a premier supplier of rough machining, a process used to prepare forged rings for finish machining and final fabrication. The addition of Future Tech’s capabilities vertically integrates rough machining at Firth Rixson’s large seamless ring manufacturing facilities, including Schlosser Forge, Viking, and Forged Metals. This internal rough machining capability will further reduce Firth Rixson’s manufacturing cycle time, while expanding large and ultra large ring capacity.

David C. Mortimer, CEO of Firth Rixson, said, "We are delighted to announce the acquisition of Future Tech, which marks another exciting step in the development of our company. Many of our customers require rough machining preparation of our ring products for their final processing. This initiative enhances our capacity to grow with our customers, especially within the large and ultra large ring market."

Firth Rixson Limited (www.firthrixson.com) is majority owned by The Carlyle Group, a global private equity firm, and Lehman Brothers. Firth Rixson is headquartered in Sheffield, UK and serves customers worldwide in market sectors such as aerospace, defense, power generation, transportation, petrochemical, medical and general industrial. Firth Rixson owns 12 operating facilities in North America, Europe and Asia.