Firth Rixson Divests Castings Business

Firth Rixson Limited has sold the entire share capital of Firth Rixson Castings Limited ("Castings") to Bradken Operations Pty Limited, a company based in Australia. Castings is an operation specialising in wear resistant "sand" castings, with sites in the UK at Scunthorpe and Darlaston.

David Mortimer, CEO of Firth Rixson, commented: "I am delighted to secure a more appropriate owner for the Castings business, which has limited strategic fit for Firth Rixson. This transaction enables Firth Rixson to focus our resources more closely on core activities such as forgings, extrusions, and seamless rolled rings."