MoD to invest in Sheffield Forgemasters after £2.56m acquisition

Scheduled to be completed on 19 August 2021, the Ministry of Defence (MoD)’s £2.56m acquisition Sheffield Forgemasters will see investment made into defence critical plant, equipment and infrastructure to support defence programmes. These include a new heavy forge line and building, a flood alleviation scheme, major machine tool replacements and a site-wide HV upgrade.

Sheffield Forgemasters to produce components for Rotating Stabilisers

The announcement from MoD on July 28, 2021, is expected to retain and create new highly-skilled manufacturing jobs within the Sheffield City region.

In a statement, the company said it would ‘continue to operate in commercial markets with its existing equipment and will also look to exploit opportunities that may arise from the UK government’s net zero carbon agenda, including the off-shore wind and civil nuclear markets.’

The MoD is set to acquire 100 per cent ownership of Sheffield Forgemasters International Limited (SFIL), the parent company of the Sheffield Forgemasters Group with no change to the corporate structure of the group. Subsidiary companies, including Sheffield Forgemasters Engineering Limited and Sheffield Forgemasters Steel Limited, will remain wholly owned by SFIL.