Sigmacast Acquires Iron Foundry Group

Clearwater rådgiver

Triplex Components Iron Division, an iron foundry group based in Tipton and Cardiff has been bought by its management team from Triplex Components Group for an undisclosed sum. John Flintham, former chief executive officer of Triplex Components Group has led the MBO. Flintham said, “We are delighted to secure the future of such an important component supplier to the UK automotive industry. We have shown with this acquisition that a traditional UK manufacturing industry can attract significant external investment. The management team and our financiers can see a sustainable and profitable future for the company.”

“In such a difficult economic climate for the completion of corporate deals, it is a tribute to the MBO team and everyone involved in this transaction to be able to lay the foundations for a successful future for Sigmacast.”

Phil Burns, Partner, Clearwater International