ChargePoint Technology, the Liverpool, UK, based manufacturer which supplies precision containment valves to some of the world’s largest pharmaceutical and chemical businesses, at the end of July purchased the assets of Forac Ltd, a key business in its supply chain. As a result of the merger ChargePoint now has direct access to a market-leading component: a compact but powerful pneumatic actuator which is used to open and close the isolation valves that feature in production processes used by the pharma, food and fuel industries. 

The financial terms were not disclosed but Forac, whose customers include Honeywell, Bosch and GEA Group, will relocate its plant and stock from Shoreham-by-Sea, West Sussex, to ChargePoint’s manufacturing plant in Speke, Merseyside. Forac’s founder and managing director Adam Bunyard has joined ChargePoint as part of the agreement. Chris Eccles, managing director at ChargePoint Technology, commented: “The Forac deal is strategically important for our business and will keep us on track for our ambitious growth targets in global markets. Forac’s actuators are a key component in our containment valves and we know well the quality of the product.”  www.thechargepoint.com

 

 

Chris Eccles (left) and Adam Bunyard