Materials handling company FPE Global has embarked on a new acquisition drive after snapping up mixing technology specialist JW Process Equipment (JWP).
The Cheadle-based firm, which focuses on the design, manufacture and servicing of materials handling equipment, said the transaction will extend its product portfolio to include new mixing solutions.
In turn, the deal will offer JWP full access to FPE Global’s application specialists and its 30,000 sq ft manufacturing centre, increasing the Surrey-based firm’s capacity to service UK and overseas customers.
JWP was founded by engineering entrepreneur James Winkworth in 2016. FPE Global said the transaction is the first in a series of strategic acquisitions on the horizon.
David Cooper, FPE Global’s chief exec, said: “The addition of mixing technology to our business will significantly enhance our portfolio of products.
“Operationally, there are excellent synergistic opportunities to support JWP in further expanding its customer base and volume.”
He continued: “From a customer perspective, the acquisition allows FPE Global to provide a compelling alternative to UK and overseas customers through the design, supply and servicing of turnkey materials handling and processing solutions.“
FPE Global employs more than 60 members of staff and was backed in 2013 by private equity company NorthEdge Capital.
Earlier in the year, FPE Global has announced the appointment of its new CEO.
David Cooper joins FPE Global from his role as managing director of Matcon, where he led numerous strategic initiatives resulting in significant and sustained growth in revenue and profitability over almost 15 years of service.
David was instrumental in helping to drive the international growth of the company across Europe, the USA, South East Asia, India and China.
David, who started his new role with FPE Global early this month said: : “It is a privilege to be joining FPE Global, where we have an opportunity to build a world leading materials handling platform that delivers significant and unique value to our customers and shareholders.