North East firm Ford Aerospace has been acquired by a US group which has pledged new jobs and investment at the South Tyneside manufacturer.
The South Shields business has been snapped up by SPIROL, a family-owned manufacturing group headquartered in Connecticut, following 30 years of collaboration between the two companies. The value of the deal has not been disclosed.
Ford Aerospace was founded at Tyne Dock in 1910 by Robert Ford, and the family business has most recently been led by the founder’s great-grandson, Chris Ford. The company, which has 76 staff, specialises in manufacturing high precision metal components and sub-assemblies for the aerospace, industrial, and high-technology sectors.
