Deloro Stellite

Leading specialist engineering group

Deloro Stellite is a strong candidate for transformation. Operating in a complex market, where the barriers to entry are high, the company has an excellent opportunity to grow on the back of a strong global customer base and excellent product offering. We appointed a new management team and have tripled capital spending to prepare Deloro Stellite for further rapid growth.

Leaders in a specialist market

Deloro Stellite is one of the world’s leading producers of hard-wearing, long-lasting components made from cobalt and nickel alloys. Its products and services are used by the aerospace, power generation, oil and gas, auto and medical industries in environments where high temperatures, corrosion and abrasion can limit a product’s life.

Deloro Stellite is a major player in a sector that is very hard to break into.

Insight into the company’s issues

When Deloro Stellite was put up for sale by its owners, we were already well aware of the company. We’d known the previous CEO of Deloro Stellite for a number of years, and had been tracking the business for some time. As a result we had a clear insight into the issues the company was facing and were able to get the management team on our side and conclude the deal quickly.

A strong candidate for transformation

Deloro Stellite has its head office in London, and operates nine plants in North America, Europe and China. Its customers include Rolls-Royce, Ferrari, Alstom, GE and BAe.

The casting and machining of superalloys is a sophisticated business. It requires a high degree of know-how, both of the processes involved and of each customer’s complex requirements. These factors make it very difficult for new companies to enter the market, or to build the kind of long-standing customer relationships it demands.

Deloro Stellite is a strong candidate for transformation. In 2010 we recruited Andy Caffyn, formerly CEO of Avery Weigh-Tronix, to further drive growth within the business. The business is now well placed to meet increasing demand for its products and we have ambitious plans to build on the company’s leading market position.