A West Sussex-based manufacturer and supplier of rubber and metal to the likes of London Underground, Bombardier and Siemens has changed hands in a multimillion-pound management buyout (MBO).

YFM Equity Partners has invested alongside private co-investors to provide a £4m funding package to support the MBO of Ferrabyrne.

The company designs, develops, manufactures and services systems and components, including rubber and metal for global customers in the rail, commercial vehicle and energy generation industries. Its key products include suspension components for passenger and freight rail vehicles and heavy-duty trucks, as well as components for wind turbines.

Ferrabyrne has 73 employees working at its headquarters in Littlehampton and across offices in India and China.