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Business News in County Durham

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Deal agreed for Consett-headquartered aerospace industry manufacturer

Deal agreed for Consett-headquartered aerospace industry manufacturer

A Consett-headquartered manufacturer of precision machined parts to the aerospace industry looks set to be acquired in a deal which gives the business an enterprise value of £44m.

Northern Aerospace employs a workforce of 600 across offices in the UK – Consett, Chester, Leicester and Llantrisant – and Poland. Its clients include Airbus, Boeing and Gulfstream.

It was bought by Better Capital in March 2015 before it restructured and rebranded from CAV Aerospace.

C Bidco, a subsidiary to Better Capital's BECAP12 Fund, has now entered into a conditional agreement with Gardner Aerospace Holdings in Derby – itself a subsidiary of Shaanxi Ligeance Mineral Resources Co in China – for the sale of the entire issued share capital of Northern Aerospace.

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Commercial Property In County Durham

See map below for Business Durham’s commercial properties.