British Engineering Firm Goodwin Starts Strategic Review

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Or sign-in if you have an account.(Bloomberg) — Goodwin Plc, a family-run UK engineering firm founded more than 140 years ago, has started a strategic review that may lead to the sale of a large chunk of a key business. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe London-listed group said in a statement Friday that it’s working to “consider a range of potential options to maximise value for shareholders.”Goodwin said the review could result in the sale of a substantial part of its mechanical engineering division, which includes Goodwin Steel Castings and Goodwin International. Several buyout firms with track records in defense have submitted expressions of interest, the Financial Times reported earlier, citing people familiar with the matter.Shares in Goodwin jumped as much as 16% on Friday.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againFounded in the late nineteenth century as an iron foundry in Stoke-on-Trent, Goodwin specializes in mechanical and refractory engineering. The company makes components for submarines and ships, as well as surveillance radar systems for military use. It’s also active in the automotive, mining, energy and jewelry industries, its website shows.Goodwin’s stock has more than doubled in London trading over the last 12 months, giving it a market value of around £1.6 billion ($2.2 billion). The company has benefited in part from the rising demand for military components around the world.Goodwin’s mechanical engineering unit has contributed to growth in profitability through the supply of precision-machined, high-integrity castings into mission critical defense and nuclear applications, Goodwin said in a 2025 report.Rothschild & Co. is advising Goodwin’s board on the strategic review.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.