New owner for Slingsby

Slingsby Advanced Composites, which supplies components to defence giants including BAE and Rolls Royce, was bought by Cambridge-based Marshall Aerospace, for an undisclosed sum.

Slingsby has over 130 employees at its operations in Kirkbymoorside, North Yorkshire and at Glasgow Prestwick Airport, Ayrshire.

A management team of Steven Boyd, Stuart Brown and Dave Doran bought the business in 2006 from Cobham, the international aerospace company.

Since then the business has grown its order book from about 5m to its current 15m level. It forecasts 11m turnover in 2010.

Marshall Aerospace, which employs over 1,700 staff, designs,

manufactures, and tests aerospace components.

Martin Broadhurst, chief executive of Marshall Aerospace, said: "This is one of the most important acquisitions that the company has ever undertaken and it is appropriate that it should come at the start of the company's 101st year of operation with our focus firmly on the future."