FPS Food Process Solutions acquires Charlottetown Metal Products
FPS Food Process Solutions (FPS) has acquired majority control of Charlottetown Metal Products (CMP). FPS is a global leader in turnkey food freezing and cooling equipment and has been growing at a compounded rate for the past 8 years since their inception in 2010. Led by President, Jeffrey Chang, FPS has offices in Vancouver, BC (head office), southeastern United States, Brazil, China, the Netherlands and now adds a significant east coast Canadian operation to their portfolio.
CMP has been designing and building custom food processing equipment for over 60 years and serves renowned global multinational companies. CMP is also one of PEI’s top employers, with a staff of 80.
“With a shared focus for hygienic design, CMP is a timely and strategic fit that will add to our capabilities in diversifying product line offerings”, said Jeffrey Chang, President of FPS. “The acquisition accelerates our expansion in North America, as part of our global growth.”
FPS is pursuing a major expansion to the existing 43,000 sq foot premises in Milton, PEI and has plans to double CMP’s facility, staff and revenues in the next 3 years.
Trevor Spinney, current President of CMP, will continue to manage the day to day operations of CMP. “We are excited to join FPS and look forward to serving our clients as a combined force”, said Spinney. “FPS holds a powerful commitment to innovation and hygienic design which will enable CMP to increase our value to our clients and grow our business as we collectively work to deliver best in class sanitary processing equipment to the industry. Our Eastern Canadian location offers close proximity to clients along the eastern seaboard of Canada and the United States for FPS. We are looking forward to contributing to the continued growth and business success of FPS.”
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