Unipart expands in UK with Formaplex acquisition

22 August 2024  

Unipart is strengthening its presence in the UK manufacturing sector with the acquisition of lightweight components producer Formaplex Technologies.

Formaplex, established two decades ago as a specialist tooling partner in the F1 automotive sector, is a key UK supplier of polymer and composite solutions and one of the few premium polymer injection moulding specialists in the UK supply chain.

Unipart did not disclose terms of the deal, but confirmed on August 6 it was integrating Formaplex operations into the group following the acquisition. Formaplex has been rebranded as Unipart Polymer and Composite Solutions.

Darren Leigh, Unipart CEO, 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. 

“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.”

Unipart Manufacturing Group MD Carol Rose Burke said the acquisition will further support supply chains involved in delivering powertrain products used for internal combustion engines and electrification, as well as enhancing Unipart’s products for uses in other sectors such as construction and rail.