Formaplex Limited

Formaplex Limited, located in Portsmouth, UK, specializes in advanced polymer and composite solutions, offering high-performance manufacturing and engineering services to various industries, including aerospace, automotive, and defense. Formaplex Limited is a provider of polymer and composite solutions based in Portsmouth, UK. Founded with a strong engineering focus, the company has adapted its business strategy over time to meet evolving market demands. On February 8, 2021, Elaghmore Partners acquired Formaplex Limited from Dunedin LLP for undisclosed terms.

The company has successfully secured a total of GBP 3. 000 mn in funding, including its most recent round, which was a GROWTH round led by Dunedin. Formaplex has completed three deals since its inception. Formaplex specializes in advanced polymer and composite solutions, leveraging engineering expertise alongside high-performance manufacturing capabilities.

Their core offerings include composite solutions, injection molding, CNC machining, 3D printing, painting and lacquering, as well as integrated assembly and flocking. These products are designed for precision and scalability, addressing the needs of various sectors such as automotive, aerospace, defense, and rail transport. Formaplex serves a diverse global client base, emphasizing partnerships with leading manufacturers across North America, Europe, Asia Pacific, and the Middle East. In the most recent financial year, 2019, Formaplex reported a revenue of GBP 81.

346 mn and an EBITDA of GBP 4. 028 mn. The company's revenue model focuses on providing comprehensive supply chain performance improvement services tailored to businesses in various industries, facilitating the production of complex components that meet stringent standards. Formaplex is committed to expanding its product offerings and geographic reach.

The company is currently developing new products aimed for launch in the upcoming year to enhance its service portfolio. The recent funding round will be directed towards these initiatives, supporting the development of innovative polymer solutions. Furthermore, Formaplex plans to enter new markets in Asia and North America by the end of 2023, enhancing its presence in these regions.