Privet Capital acquires Aeromet

Aeromet, together with Spirit AeroSystems and the Advanced Manufacturing Research Centre, received £6.4m from the UK government in June 2015 to research automated assembly technologies. The funding was part of Britain's plan to boost research and development within the aerospace technology sector.

Company
Founded in 1974, Aeromet is a foundry and manufacturer specialising in complex castings for commercial and defence aerospace applications. It employs 270 staff at two sites in Kent and Worcester. Among its customers are Airbus, Boeing, Rolls Royce, Embraer and Bombardier. The company has an annual turnover of £20m.

People
Aeromet operations director Simon Holliday has been appointed managing director. Steve Keating, managing partner of Privet, will join Aeromet as non-executive director. Vardhan Rajkumar will join the Aeromet board as chairman.

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