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| News |
12.10.2015
FPE Global secures further investment
FPE Global, Stockport, UK, has obtained additional funding from private equity firm NorthEdge Capital. The significant cash injection is expected to help fund the relocation of the business to its new site in Orion Business Park, Stockport, upgrade the group’s manufacturing facilities and expand its service capability. NorthEdge Capital acquired a majority stake in FPE Global in February 2013.
Ben Howard, FPE’s 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.” FPE’s equipment serving powder handling and processing industries includes technology developed by several previously acquired UK companies, including Flomat Bagfilla International, Neu Engineering and Aeromaster International. www.fpeglobal.com
Ben Howard at FPE Global’s new 30,000ft² production plant
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