FOR IMMEDIATE RELEASE
FPS HAS ACQUIRED CMP
FPS Food Process Solutions has Acquired Charlottetown Metal Products
Richmond, BC, Feb. 28, 2019 – Food Process Solutions (FPS) has acquired majority control of Charlottetown Metal Products (CMP). FPS is a global leader in turn-key food freezing and cooling equipment and has been growing at a compounded rate for the last 8 years since their inception in 2010. Led by President, Jeffrey Chang, FPS has offices in Vancouver BC (head office), southern United States, Brazil, China, the Netherlands and now adds 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 operation 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.”
Food Process Solutions is a global leader in the turn-key food freezing and cooling equipment. We provide innovative systems to ensure the highest efficiencies and to meet the most stringent sanitary demands. These factors transform into superior food quality, lowered cost of ownership and maximized profits. Our goal at FPS is simple. We strive to create a singular standard in our industry – the highest standard. Alongside our clients, we call this the FPS Standard.
Founded in 1957, CMP is a high-quality, custom stainless-steel equipment manufacturer singularly focused on the hygienic design of food processing equipment. CMP offers layout and design, custom fabrication, and on-site installation and commissioning services. CMP has a best in class engineering team, and a dedicated crew of ASME, CSA and CWB certified technician and fabrications and is located in Prince Edward Island, Canada.
For Further information please contact:
Trevor Spinney, CMP President