Charlottetown Metal Products (CMP), a subsidiary of Food Process Solutions, will establish a new Innovation Center in Milton, Prince Edward Island, for developing and testing energy-efficient hygienic food processing equipment. The project is supported by nearly $2 million in federal funding and will create 33 jobs.
Charlottetown Metal Products Ltd (CMP) and FPS Food Process Solutions launched an Innovation Center at CMP's manufacturing complex in Prince Edward Island, Canada, to develop hygienic food processing solutions. Renovations of the 10,000 sq. ft. center will be completed over the next year, and 10 new jobs will be added.
Following the acquisition, CMP plans to expand its existing facility in Milton, P.E.I., adding up to 40,000 square feet to the plant.
Food Process Solutions (FPS) acquired a majority share of Charlottetown Metal Products (CMP), a food processing equipment maker. The deal includes plans to expand CMP's plant in Milton, P.E.I.
FPS Food Process Solutions is in the process of acquiring majority control of Charlottetown Metal Products (CMP), a custom food processing equipment manufacturer, and plans to double CMP's facility, staff and revenues in three years.
| Site | Largest | Latest |
|---|---|---|
| Milton, Canada | $1.48M | 2023-10-11 |
| Prince Edward Island, Canada | 2023-09-11 |