Riello divests C Blade to Sifco

Sifco, which operates in the aerospace and energy sectors, will expand its products into the steam turbine market as a result of the transaction.

Since Riello's investment, C Blade has adopted a lean manufacturing business model, intended to reduce costs and increase efficiency by adopting processes that eliminate waste.

The deal is anticipated to close in mid-2015.

Previous funding
Riello acquired a majority stake in C Blade via a secondary buyout from Berrier Capital in July 2008. According to unquote" data, the original deal was worth around €26m.

Company
Headquartered in Maniago, north-eastern Italy, and founded in 1963, C Blade provides turbine blades to the energy sector. The company has a headcount of 150 and generates a turnover of $30m.

People
Michael Lipscomb is chairman and CEO of Sifco.

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