Predict your next investment

INDUSTRIAL | Manufacturing / Metal Fabrication
sheffieldforgemasters.com

See what CB Insights has to offer

Stage

Acquired | Acquired

Valuation

$0000 

About Sheffield Forgemasters

Sheffield Forgemasters International is an engineering firm. It specializes in the production of large bespoke steel castings and forgings, as well as standard rolls, ingots and bars. It is based in Sheffield, England.On July 28th, 2021, Sheffield Forgemasters was acquired by the UK Ministry of Defence at a valuation of $3.6M.

Sheffield Forgemasters Headquarter Location

Sheffield, England, S9 2RW,

United Kingdom

Latest Sheffield Forgemasters News

£400m investment boost for Sheffield Forgemasters with MOD acquisition

Sep 3, 2021

The Ministry of Defence (MOD) is set to invest hundreds of millions of pounds into the newly-acquired Sheffield Forgemasters International Limited (SFIL). The deal will enable the government to refinance the company and secure the supply of components for the MOD’s critical existing and future UK defence programmes. The MOD also intends to invest up to £400m for defence critical plant, equipment and infrastructure into SFIL over the next 10 years to support defence outputs. This latest news follows the announcement on July 28 that the MOD had launched an offer to acquire Sheffield Forgemasters International Limited, with the acquisition completed on August 19. David Bond, CEO at Sheffield Forgemasters, commented: “The agreement to bring the company under the ownership of the MoD provides a more secure future for the business and its people. “The MoD’s intention is to invest up to £400m over the next 10 years to replace defence-critical equipment and infrastructure as we recapitalise our productive capacity, positioning the company to retain and create new highly skilled manufacturing jobs within the Sheffield City region.” Explore these topics

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.