Following its acquisition, in April, by Atchison Casting, UK-based Sheffield Forgemas-ters has announced that the company will now be restructured.
In the new structure, four Sheffield Forgemasters subsidiaries will be consolidated into two new companies.
Commenting on the change Forgemasters chairman David Fletcher said: ‘We are significantly strengthening our position in the world market by creating two market-focused operating companies which preserve the excellent Sheffield Forgemasters name.
‘We will be looking to make strategic acquisitions, but subsidiaries from both companies are already world leaders in their own right.’ The new companies are:
•Forgemasters Rolls, which encompasses Forged Rolls (UK) and British Rollmakers and will be headed by Peter Carless.
•Forgemasters Engineering, which will comprise River Don Castings and Forgemasters Steel & Engineering. This second company will be headed by Peter Birtles.