Magherafelt-based Bloc Group is further expanding its NI operation through a major investment in FAST Technologies in Derry.
The deal is significant for both Bloc and FAST (Factory Automation & Systems Technologies) bringing together two export-focused manufacturing operations which excel in design and engineering.
FAST provides bespoke technical solutions to its global client base which includes DuPont, Unilever, Caterpillar and Seagate.
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Speaking about the new development and what it means for both businesses, Cormac Diamond, Managing Director of Bloc said: “Set against the current climate of supply chain challenges, labour and skills shortages, we view FAST as a solutions provider to the wider business market. It has a proven track record in the application of automation across all sectors and industries, and together we will take this expertise to the next level, ultimately helping organisations streamline and enhance their business processes and operations.”
In addition to its impact at a regional level, Cormac believes the synergies between Bloc and FAST will underpin the continued success of both brands and offer great economic potential globally.
Mr. Diamond also added: “In bringing together two locally-owned organisations that share a common culture and philosophy we’re able to seize joint opportunities, bring new ideas to life and create solutions which deliver positive outcomes at both business and consumer levels.”
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Welcoming the deal, Eamonn Lynch of FAST Technologies said: “We believe this represents a new and very exciting chapter for both companies and our combined workforce. Bloc’s support and investment will enable us to consolidate and strengthen our offering and help FAST rise to the next level in terms of opportunity and growth.”
The FAST team will continue to operate as a stand-alone manufacturing operation at its existing site in Derry’s Skeoge Industrial Estate. Co-founder Eamonn Lynch and Technical Sales Director Colin Spence will also continue to head up FAST’s management team.
Bloc, which employs 230 people across its business sites in Northern Ireland and The Netherlands, is renowned as one of the UK’s leading designers and manufacturers of innovative blinds and skylight systems and recently pivoted into the healthcare solutions industry.
Source: Written from press release.
