US Based private equity firm Arlington Capital Partners, recently acquired the Doncasters Group's aerospace forming and fabricating business in Shrewsbury and Sheffield. With the change in ownership comes a change of name with Radius Aerospace being the new name for the former Doncasters site, based at the Sentinel Works on Whitchurch Road.
Speaking to the press, David Baker, general manager of the Shrewsbury site said the move will “help secure the long-term future of the operation and its staff.”
This news comes as the Shrewsbury site announced that it will continue to specialise in manufacturing a wide array of parts, including blades, exhausts and aerofoils, for the aerospace industry, while protecting its 226 employees.
David went on to say, “I came here just under five years ago and the site was probably not heading in the right direction and was going down a path nobody wanted it to go down. We knew we had a lot of work to do here.
I think over the last three years we have made some significant changes and strides in this whole business – from how the front of the business looks, to the significant investment this site has had, which had not been the case historically.
We are excited to partner with veteran aerospace leaders like Radius and Arlington Capital for the next stage of our company’s growth."
This news comes as the company sets its sights on nearly doubling its output with David going on to say that, "Our fabrications division is on course to nearly double this year, and our machining division is up by 10 per cent. These are phenomenal numbers in any manufacturing industry, whether it is aerospace or not.
New machines have gone in and we have created space for further investments. We are already future-proofing ourselves. The business will also be looking to recruit new staff in the future.”