FPE Global secures further investment
Posted on May 2016
FPE have secured additional funding from private equity firm NorthEdge Capital. The significant cash injection will help fund the relocation of our business, upgrade our manufacturing capability of the Group and expand our service offering.
This additional funding will give us the opportunity to build on our strategy to be an ‘end to end’ solutions provider in the bulk materials handling industry. We offer standard products, bespoke materials handling processing systems and a host of after-market capabilities.
We are now headquartered in Orion Business Park, Stockport, which boasts a 30,000 sq. ft. production facility and supports our plans to upscale our business offering.
Ben Howard, FPE Chief Financial Officer, said:
“This investment will assist in repositioning FPE Global as a premium solutions provider in the powder processing segment and also fund our efforts to expand the on-site service offering for our customers.
It will also allow us to improve our customer knowledge, giving us more scope to be proactive in our approach. The next phase of our expansion has already begun with the launch of our standard product range and the continued development of our after-market services which includes spares, preventative planned maintenance and reactive repair work.”
NorthEdge Capital acquired a majority stake our business in February 2013.
Phil Frame, Investment Manager at NorthEdge and Non-Executive Director at FPE, said:
“FPE has a dynamic and entrepreneurial management team who have positioned the business well for the next phase of growth. They are undertaking major projects to improve the services and products on offer to its customer base and we are pleased to be supporting the firm as it relocates to first class new premises.”