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      <h3>Firth Rixson Acquires Future Tech</h3>
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      <i>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: Firth Rixson<br>
      Posted: 2007-05-14 07:02:58</i>
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      Firth Rixson, the major provider of highly engineered forged, cast and other specialty metal products, today announced that it has acquired Future Tech, a southern California based business specializing in the machining of ultra large aerospace components. <br><br>Future Tech is a premier supplier of rough machining, a process used to prepare forged rings for finish machining and final fabrication. The addition of Future Tech's capabilities vertically integrates rough machining at Firth Rixson's large seamless ring manufacturing facilities, including Schlosser Forge, Viking, and Forged Metals. This internal rough machining capability will further reduce Firth Rixson's manufacturing cycle time, while expanding large and ultra large ring capacity. <br><br>David C. Mortimer, CEO of Firth Rixson, said, "We are delighted to announce the acquisition of Future Tech, which marks another exciting step in the development of our company. Many of our customers require rough machining preparation of our ring products for their final processing. This initiative enhances our capacity to grow with our customers, especially within the large and ultra large ring market." <br><br>About The Carlyle Group <br><br>The Carlyle Group is a global private equity firm with $56.0 billion under management. Carlyle invests in buyouts, venture & growth capital, real estate and leveraged finance in Asia, Europe and North America, focusing on aerospace & defense, automotive & transportation, consumer & retail, energy & power, healthcare, industrial, technology & business services and telecommunications & media. Since 1987, the firm has invested $26.4 billion of equity in 601 transactions for a total purchase price of $126.5 billion. The Carlyle Group employs more than 780 people in 18 countries. In the aggregate, Carlyle portfolio companies have more than $87 billion in revenue and employ more than 286,000 people around the world (http://www.carlyle.com). <br><br>About Lehman Brothers <br><br>Lehman Brothers Co-Investment Partners is a $1.6 billion fund which invests in partnership with premier private equity funds globally. Founded in 1850, Lehman Brothers is a global investment bank with leadership positions in equity and fixed income sales, trading and research, investment banking, private investment management, asset management and private equity. The firm is headquartered in New York, with regional headquarters in London and Tokyo, and operates in a network of offices around the world (http://www.lehman.com).
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