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19.02.2018 Schenck Process buys FPE’s intellectual property

Schenck Process, Darmstadt, Germany, has purchased (for an undisclosed figure) the digital assets and intellectual property of FPE Global Ltd. Based in Stockport, UK, FPE had gone into administration in late November last year. 
 
Founded in 2000, FPE had been operating in recent years from a spacious – but under-utilised – 30,000ft2 production plant. It had received significant financial backing from NorthEdge Capital, a private equity firm, which in early 2013 had acquired a majority stake in the company.
 
The company’s equipment portfolio included well known brands such as Flomat Bagfilla International (bulk bag filling and discharge stations), Neu Engineering (pneumatic conveying) and Aeromaster International (aero-mechanical conveyors). The original manufacturers of the above-mentioned brands had themselves gone out of business. 
 
Commenting on the acquisition, Jay Brown, president food, chemicals & plastics at Schenck Process, noted: “We are excited about the opportunities arising out of this acquisition. The FPE product range is in perfect alignment with our Schenck Process core competencies: providing high level material handling and processing solutions worldwide. As a growing company, the add-on of FPE’s product portfolio to our group enables us to further extend our solution capabilities and strengthens our position of being the partner of choice for our customers and former FPE customers.”
 
Schenck Process will be providing process solutions for new components, systems and projects as well as service packages to existing and previous FPE customers that include spare parts, maintenance and upgrades. www.schenckprocess.com 
 
 
A ribbon batch blender originally manufactured by JW Process Equipment Ltd, a UK company which had been acquired by FPE Global in late 2016

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