SIFCO Industries Acquires Forging Assets of T&W Forge
SIFCO Industries of Cleveland, Ohio, acquired the forging business and related assets of T&W Forge, Inc. (TWF) of Alliance, Ohio. T&W is a supplier of forged components for industrial gas turbine engines. The business is principally known for serving various industrial gas turbine engine manufacturers with high-quality forged components manufactured in multiple alloys. The transaction, which includes essentially all of the operating assets and liabilities of TWF, closed on Dec. 10, 2010. This acquisition substantially enhances SIFCO’s offering of forged components beyond the aerospace market.