MB Aerospace, which has facilities in East Granby, has completed the acquisition of Centrax Turbine Components in England.
It is the first acquisition for MB Aerospace following recent investment from private equity partner Blackstone. Centrax Turbine, a turbine components manufacturer part of the wider Centrax Group, will be rebranded MB Aerospace Newton Abbot. It will continue operations at its Devon, England location, where it has 430 employees.
No financial details were disclosed.
Centrax Turbine Components is a longstanding family business that makes turbine-engine components on a single site and is entering its 70th year of development by the Barr family.
Its acquisition takes the MB Aerospace Group to around 1,400 staff across the Devon location in addition to existing facilities in East Granby, Detroit, Mich., Rzeszów, Poland, and across the rest of the United Kingdom. MB Aerospace is a leading Tier 1 supplier of precision aero-engine components directly serving major aero-engine OEMs and leading tier-1 suppliers.
