Firth Rixson Announces Agreement with Pratt & Whitney Canada

SHEFFIELD, UK and EAST HARTFORD, Conn., Feb. 3 /PRNewswire/ -- Firth Rixson Limited, a major provider of highly engineered forged and specialty metal products, today announced the signature of a new long term purchasing agreement with Pratt & Whitney Canada, continuing the supply chain collaboration in place between the two companies since 2005. The cornerstone of this new agreement is the unprecedented term, extending through 2021.

The agreement provides price stability for both companies, and meets Pratt & Whitney Canada's long term sourcing initiatives. Firth Rixson estimates that this agreement will result in an estimated $1B in sales over the term of the contract.

"The innovative approach to this agreement further refines our successful business relationship with Pratt & Whitney Canada," said David C. Mortimer, CEO of Firth Rixson, in announcing the agreement, "by providing a strategic horizon beneficial to both companies into the next decade and beyond."

Note to Editors

Headquartered in Sheffield, UK, Firth Rixson serves customers worldwide in market sectors such as aerospace, defense, power generation, transportation, petrochemical, medical and general industrial. Firth Rixson owns 12 operating facilities in North America, Europe and Asia.

Firth Rixson Limited (www.firthrixson.com) is owned by Oak Hill Capital Partners (www.oakhillcapital.com).

SOURCE Firth Rixson Limited