Private investor, Rcapital, has today completed the acquisition of aerospace and defence engineering business, FGP Group. The deal will mean that over 200 jobs in Dorset are protected.
The Group comprises Weymouth based FGP Systems Limited, a precision engineering business which provides very high tolerance machining, turning and fabrication services to blue chip aerospace and defence customers, and FGP Lufton Ltd which is based in Yeovil and manufactures a portfolio of parts for the aerospace sector. The Group also includes a successful surface treatments and coatings business, Ramp Surface Coatings.
The existing management team will remain in place and will be supported by Rcapital which brings extensive operational, financial and sector expertise. It will work with the business to stabilise trading and position it for growth.
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