Fairbanks Morse Defense Acquires Rolls-Royce Naval Propulsors & Handling Business
September 19, 2024
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has agreed to acquire Rolls-Royce’s Naval Propulsors & Handling business, including manufacturing campuses in Pascagoula, Mississippi and Walpole, Massachusetts, with the Peterborough, Ontario handling facility to transfer later. The acquisition expands FMD’s naval propulsion, foundry and handling capabilities to better serve U.S. and allied navies and preserves critical manufacturing capacity for the U.S. Navy supply chain.
- Buyers
- Fairbanks Morse Defense, Arcline Investment Management
- Targets
- Rolls-Royce Naval Propulsors & Handling
- Sellers
- Rolls-Royce Holdings plc
- Platforms
- Fairbanks Morse Defense
- Industry
- Aerospace & Defense
- Location
- Mississippi, United States
- Transaction Type
- Addon
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