Alcoa is acquiring Firth Rixson, which employs more than 200 at its 240,000-square-foot operation in Tradeport East Business Center.
“This transaction will bring together some of the greatest innovators in jet-engine component technology. It will significantly expand our market leadership and growth potential,” Alcoa Chairman and CEO Klaus Kleinfeld said. “Firth Rixson increases the earnings power and broadens the market reach of our high-value aerospace portfolio and will deliver compelling and sustainable value for customers and shareholders.”