Montana Aerospace, a leading, highly vertically integrated manufacturer of system components and complex assemblies for the aerospace, e-mobility and energy sectors, successfully finalized the acquisition of the French titanium extrusion specialist, Cefival.
The long-established company Cefival, based in Persan near Paris, has developed into a major global supplier of titanium and hard metal profiles and components in the past decades. Apart from global aerospace original equipment manufacturers, many renowned Tier-1 (direct suppliers of OEMs) and buyers from other industries are long-standing customers of Cefival.
Cefival produces titanium alloys as well as special steels such as superalloys. These materials are capable of withstanding very high temperatures and are used in the manufacture of aircraft engines. One of Cefival’s specialities is the manufacture of closed engine rings for commercial aircraft engines by the flash butt welding method.
Cefival experienced a market decline in business due to the COVID-19 crisis and is purchased out of a restructuring. In the year 2020, sales revenues of around EUR 13 million were attained with a staff of 61. Greater vertical integration and synergies between the sites in France and Romania are targeted to support Montana Aerospace’s ambitious restructuring plans for Cefival and help develop the Persan site into a competence centre for the important French market. The vicinity to customers such as Airbus and Safran is expected to benefit the entire Montana Aerospace Group.
“Cefival is an ideal strategic partner for Montana Aerospace due to its expertise in materials and processing for titanium and superalloys. By this acquisition, we are strengthening not only our market position for sophisticated structural parts, but also in the aircraft engine business. Additionally, the location at Persan brings us closer to our highly important French customers,” explained Markus Nolte, CEO of Montana Aerospace. Michael Pistauer, CFO of Montana Aerospace:“Montana Aerospace has made enormous investments to ensure that the Group is well-prepared for a strong restart out of the COVID-19 crisis. With the Cefival acquisition, we are continuing our growth course with the goal of ensuring expansion also over the long-term.”
As part of the integration process Cefival was incorporated into the UAC Group (Universal Alloy Corporation) of Montana Aerospace and its vertical value chain and is in the process of being renamed UAC Cefival.
Key customers were closely involved in the drafting of the restructuring plan and they are optimistic about the future development of UAC Cefival.
“Cefival is a supplier of strategic components to Safran such as engine rings. We welcome Montana Aerospace as a new partner and are looking forward to strengthening the relationship.” (Safran Group)
Airbus also salutes Montana Aerospace for its latest acquisition, expanding the company’s portfolio in metal processing.
An enormous investment programme is the basis for strengthening UAC Cefival. At the Persan site, investments were made into a 2,000-ton extrusion press and other key equipment along the value chain. The company aiming to continually enlarge its range of products.
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