NetComposites
Thermwood

Avingtrans Agrees Acquisition and Creates Composites Business

28 February 2012

Avingtrans has formed Sigma Composites Ltd to operate businesses previously part of the Composites Engineering Group, based in Buckingham, UK (Delta Composites Ltd., Alpha Composites Ltd. and Orion Machining).

According to Avingtrans, the acquisition of this capability strengthens Avingtrans Aerospace Division that already supplies to a global blue-chip customer base. The composites business has a strong foothold in F1/Motorsport and its AS9100-approved facilities also serve Aerospace and other hi-technology markets such as satellite communications and prestige automotive.

Northampton-based MarshmanPrice managed the transaction on behalf of the directors of Composite Engineering Group. Alan Price of MarshmanPrice commented “following difficult circumstances, we believe we have delivered the best solution for local industry and other stakeholders, where over 40 jobs in a high technology industry have been secured and we hope Avingtrans will take the new business forward to success.”

Mark Johnson, Divisional Managing Director at Avingtrans, commented “Acquiring a capability in composites is something we have been seeking for some time and we are delighted that we now have created the new entity Sigma Composites. Not only have we immediately broadened Sigma’s offering to the markets we serve, but we have created a vehicle to allow evolution of products from metals to the newest lightweight materials available to aerospace and Formula 1.”

The business will operate from the existing Buckingham facilities with its sister company Sigma Precision Components remaining at its facilities in Hinckley, UK and Chengdu in China. Mark Johnson concluded “Combined with existing high precision engineering in metallic products, this new capability creates a compelling package for existing and prospective customers. We’re excited by this significant step forward for the whole team.”






comments powered by Disqus

Related / You might like...

Thai Flight Training Orders Spatial A320 Door Trainer

Thai Flight Training (TFT), a subsidiary of Thai Airways, recently ordered an Airbus A320 door trainer from Spatial Composite Solutions.

ACMA Champions Policies to Advance Composites in Infrastructure

At the American Composites Manufacturers Association (ACMA)'s third annual Infrastructure Day on 6-7 February 2018 34 ACMA members joined together to meet with over 100 Members of Congress and their staffs to advance legislation to drive investment in innovative material solutions for transportation, water and energy infrastructure.

Composite Sculpture Fronts Australian Shopping Centre

Shoppers visiting the newly redeveloped Halls Head Central Shopping Centre will be greeted by a 3.5 m x 2.5 m core composite spiral ribbon representing the logo of one of the centre's owners.