Unipart acquires Formaplex Technologies
The supply chain solutions firm 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. 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. From today, Formaplex will be rebranded to Unipart Polymer and Composite Solutions.
McLaren chief procurement officer Jorg Laser, 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.”
Unipart chief executive officer Darren Leigh, adds: “I am 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.”
“[The deal] 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,” explains Unipart Manufacturing Group managing director Carol Rose Burke.
