FPE on track for £16m in sales
PRIVATE equity backed engineering firm FPE Global is on course to achieve sales of £16m by the end of 2017.
The company is expanding its team at its Manchester headquarters as it bids to increase market share in specialist materials handling, food and beverage, pet foods, detergents and chemicals and renewables.
Its objective is to become a global leader in providing bulk materials handling solutions, led by recently-appointed chief executive Dave Cooper.
FPE, which was backed by private equity firm NorthEdge Capital in 2014, has already doubled its 2015 order intake during 2016 and is on track for £16m next year.
Latest figures to December 31, 2014 put the company’s revenue at £14.17m and pre-tax profit at £677,941. FPE is due to file results for 2015 next month.
Cooper said: “Following the introduction of our new strategy, and subsequent investment in the business infrastructure, we are now in a much stronger position to provide greater value added services to our customers.
“We have significantly strengthened FPE’s position by doubling our sales team and placing industry experts in key sectors who can provide solutions for customers on a global scale.
“This, coupled with our new purpose built factory and test facility, will allow us to provide a truly world class service to our customers.”
