FPE Global secures NorthEdge Capital funding

Engineering firm FPE Global has secured funding from private equity company NorthEdge Capital to finance its growth plans.

FPE Global, which last month acquired a 30,000 sq ft production centre in Cheadle’s Orion Business Park, will use the cash injection to expand its manufacturing capabilities.

Commenting on the deal with NorthEdge Capital, Ben Howard, the firm’s CFO, 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.”

He added: “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.”

In February 2013, NorthEdge Capital acquired a majority stake in FPE Global, which provides material-handling systems and process equipment.

NorthEdge’s investment manager, Phil Frame, is also a non-executive director with FPE.

He 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.”

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