FGP is a ‘build to print’ precision engineering company offering high end engineered and manufactured solutions for the aerospace industry (the sector accounts for ca. 95% of total sales), encompassing both civil and military applications. FGP has a varied and diversified customer base consisting of some of the preeminent Aircraft and Aircraft Parts manufacturers in the world, to which FGP supplies a broad range of critical products from Actuators and Auxiliary Power Units, to ejector seats for fighter jets and business class seating for the OEM’s Boeing and Airbus.
Weymouth, Dorset, UK
Employs 122 staff
FGP is highly specialised in providing products for the aerospace industry, which accounts for ca. 95% of the business’s sales, encompassing both civil and military applications. FGP has a varied and diversified customer base consisting of some of the preeminent Aircraft and Aircraft Parts manufacturers in the world, to which FGP supplies a broad range of critical products from Actuators and Auxiliary Power Units, to ejector seats for fighter jets and business class seating for the OEM’s Boeing and Airbus.
The business uses the latest and most advanced technology to deliver innovative and high quality solutions to its customers. This includes the latest cad cam systems and metrology equipment, as well as the use of robotic automated solutions to offer lights out machining capability 24-7. Furthermore FGP is one of the first companies in Britain to have adopted 3D ABS and metal printing capability (3D printing) putting the company at the forefront of technical innovation in the precision engineering sector.
FGP or ‘Fine-grind Products’ was established in 1970 as a subcontract precision grinding company with a strong reputation for small ground components working to very high tolerances. In 1983, Fine Grind Products change hands. The new management continued to build on the sound foundation set by their predecessor, concentrating on quality, price and delivery.
In June 2001 FGP purchased the site adjoining its factories of approximately one acre with plans passed for further expansion.
FGP Systems Ltd is now, without doubt, a benchmark business. It employs an excellent team of highly skilled men and women and the Company is held in very high regard by all its customers. This is the solid foundation on which FGP Systems Ltd plans future expansion and development. FGP Systems Ltd is proud to be able to offer product test capability in support of environmental control systems and the latest in Additive Layer Manufacturing (ALM) covering both metallic and non metallic in partnership with its customers.
In 2015, the business was acquired by Cyrus Investment Management LLP.
David Hitchcock, Managing Partner of CIM, comments ”FGP is the third investment CIM has made in Tier one UK precision engineering companies in line with our strategy of building value in this world class industry. By injecting new capital, management and products we aim to increase profitability within each investee company in the portfolio and exit the aggregated businesses to a single trade or institutional buyer after three year obligatory holding period”.