OXFORD,
England, Aug. 6, 2024 /PRNewswire/ -- Unipart, the
supply chain solutions and performance improvement technologies
partner, is pleased to announce it has acquired Formaplex
Technologies, a lightweight components manufacturer serving
customers in the automotive, aerospace, motorsport and healthcare
sectors.
Formaplex Technologies was established two decades ago as a
specialist tooling partner in the F1 automotive sector. Today it
has grown to become a key UK supplier of polymer and composite
solutions and one of the few premium polymer injection moulding
specialists in the UK supply chain, specialising in lightweight
components. Customers include McLaren, who are fully supportive of
this acquisition and remain committed to working with the business
in the future.
Unipart will integrate the operations into its existing
manufacturing capability portfolio, ensuring continuity and
maintaining the high operational and safety standards both
companies deliver. From today, Formaplex will be rebranded to
Unipart Polymer and Composite Solutions.
Darren Leigh, Unipart Chief
Executive Officer , said: "Growing our manufacturing
capabilities through this acquisition expands our offering and
aligns perfectly with Unipart's growth strategy to offer our
existing and new customers a breadth of supply chain solutions and
performance improvement technologies. It reinforces our commitment
to enhancing and growing the UK supply chain.
"I am pleased to welcome the Formaplex team to Unipart and
excited about the potential this acquisition unlocks for innovation
and growth, enabling us to expand our portfolio and strengthen our
position in the UK manufacturing sector."
Jorg Laser, Chief Procurement
Officer at McLaren , said: "We strongly value our long-term
supply relationship with Formaplex and we welcome the specialist
capabilities that Unipart, a long-standing partner of McLaren, now
brings to enhancing this relationship. We are excited to see the
innovative solutions and continued excellence that this combination
will deliver for us."
Carol Rose Burke, Unipart
Manufacturing Group Managing Director , said: "I am delighted
we are further investing in our UK manufacturing capabilities
through the acquisition of Formaplex. It will further support
supply chains involved in delivering powertrain products used for
internal combustion engines and electrification, as well as
enhancing our offer for a growing number of uses in various other
sectors such as construction and rail."
Contact: Katy Farrington,
Media and CEO Communications Manager
Mobile:
07920 586592 Email:
katy.farrington@unipart.com
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