Airbus and BAE Systems supplier bought by Italian aerospace group

A Gloucestershire manufacturing group that supplies components to aerospace and defence giants such as Airbus and BAE Systems has been acquired by an Italian multinational.Five Valleys Aerospace – a holding company of two businesses Nu-Pro and Stanmar – has been bought by Magnaghi Aeronautica Group (MA Group) for an undisclosed sum. Stroud-based Nu-Pro provides metal finishing services while Stanmar, located at Bamfurlong Industrial Park in Cheltenham, specialises in parts used in aircraft landing gear. The MA group, headquartered in Naples, was founded in 1936 to support the flight activities of the Italian Air Force. The company also has sites in Brazil and the US and develops landi …
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