Privet's Aeromet bolts on Stone Foundries

The acquisition comes two and a half years after the GP acquired Aeromet from Black Diamond Capital Management for an undisclosed sum.

Unquote understands that Privet provided additional support to Aeromet for the acquisition.

The consolidated group will have a customer base with clients including Airbus, Boeing, Embraer, Leonardo, Meggitt and Rolls-Royce, and will manufacture parts for both engines and air frames.

Company
Headquartered in London, Stone Foundries is a provider of aluminum and magnesium cast components to the aerospace and defence industries. Its origins date to 1830, when it was launched in Greenwich, London, to produce cast copper nails for the shipbuilding industry.

People
Privet Capital – Vardhan Rajkumar (senior partner); Steve Keating (founder, managing partner).
Aeromet International – Vardhan Rajkumar (chairperson).
Stone Foundries – John Townsend (managing director).

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• Topics
• Expansion
• UK / Ireland
• Industrials
• United Kingdom
• Privet Capital
• Build-up