Arconic Inc. has sold its UK-based forging business, Firth Rixson Forgings Limited, to Arlington Capital Partners, a Washington, D.C.-based PE firm. Going forward, the business will operate as part of the Forged Solutions Group, which was formed in November 2019 by Arlington Capital as its aerospace forging platform.
Located in Sheffield, United Kingdom, Firth Rixson provides complex closed die forgings and forged discs and proprietary forward-and-backward extrusion produced shafts and cylinders primarily for OEM and Tier 1 aerospace and defense engine customers.
Arconic acquired Firth Rixson in 2014, when the company was still part of Alcoa.
Arconic agreed to the deal in September and remains on track to split into two companies by the second quarter of 2020.