Materials handling firm FPE Global has embarked on a new acquisition drive after snapping up mixing technology specialist JW Process Equipment (JWP).
The Cheadle-based company, 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.
The deal will, in turn, 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 added: "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 over 60 people and was backed in 2013 by private equity firm NorthEdge Capital.
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