(Finance) – The global investment company Carlyle announces the agreement for the sale of the Forgital Group, manufacturer of advanced forgings for the aerospace and industrial sectors, to Stonepeak.
Forgital is a leading European manufacturer specialized in forging, rolling and processing of rolled ringswith technologically advanced capabilities on a wide range of materials, including titanium alloys, nickel, aluminum and steel. The company serves a broad range of markets, including aeronautics, defense, space, power generation and oil & gas, offering vertical integration across the entire forged component value chain, from process engineering to assembly , up to final processing and testing. Founded in 1873 by the Spezzapria family and based in Italy, the Group operates with factories located in Italy, France, the United States and with a workforce of 1,100 employees, boasting customers in over 40 countries.
Over the past five years, Carlyle has worked with company leadership to expand and institutionalize the management team, reposition the business during the pandemic through operational and efficiency initiatives, improve procurement and functional processes across the company, significantly increase order book and diversify the customer base, developing new products in synergistic segments and platforms and acquiring customers in new sectors.
Marco De Benedetti, Chairman of Italy of Carlylecommented: “We are pleased to have supported Forgital in such an important period of transformation for the company. Thanks to the investment, partnership and sector expertise of the team, we believe Forgital is well positioned to capitalize on long-term growth in its main reference markets, from aerospace to defense, including industrial applications. I am convinced that the company will continue to grow, starting from its current European leadership in high added value forged products.”
Meddah Hadjar, CEO of Forgitaladded: “I would like to thank the Carlyle team for their invaluable support, expertise and guidance over the past few years, which have represented a significant period of change and development for Forgital. Stonepeak represents an ideal partner for Forgital’s next phase of growthbringing deep-rooted experience, global relationships and operational expertise in supply chain-critical industries and activities. We are excited to use these resources to support our customers and to partner with Conor and the rest of the Stonepeak team in the continued development of Forgital’s manufacturing excellence and global capabilities.”
Conor Sutherland, Managing Director of Stonepeakhe concluded: “Forgital represents a key element of the global aerospace supply chain and a trusted partner for leading aerospace and industrial manufacturers. Given our belief in the long-term demand of the aerospace end market, we have strong confidence that Forgital is well positioned to benefit from this trend. We appreciate Forgital’s solid business model, manufacturing excellence and excellent reputation among its customers for quality and reliability. We are excited to make this investment and partner with the Forgital team and its talented employees to support the company’s continued success.”
The closing of the operation is expected in the second quarter of 2025, subject to the expected authorizations required.