SIFCO to Acquire C*Blade
SIFCO Industries Inc. entered into a definitive agreement to acquire Italian-based company C*Blade from Riello Investment Partners. Located in Maniago, Italy, C*Blade specializes in the manufacture of steam turbine blades and gas compressor blades for the energy market. The company has strong machining capabilities and a long track record of serving both OEM and aftermarket customers. The acquisition will deliver important strategic benefits to SIFCO’s target markets of aerospace and energy, including broader reach into the steam turbine market and an opportunity to sell C*Blade’s products in the U.S.