Fenner makes major US acquisition
PRECISION WORK: A Fenner company employee on task.
By Hull Daily Mail | Posted: 7 Sep 2017
Hessle-based industrial belts manufacturer Fenner has acquired a US-based polymer business in a major deal.
Through its subsidiary Fenner Drives Inc, the long-standing company, located off Ferriby Road, has bought the assets and business of the precision polymer company Revolution Drives Inc.
The value of the deal to purchase the specialist company, which focuses on power transmission and motion control solutions, has not been revealed.
Mark Abrahams, chief executive of Fenner, said: “This acquisition supports our stated strategy to grow our advanced engineered products division and, in particular, it will complement the product and customer portfolio of our precision polymers business within advanced engineering products.
“I am also pleased to say that Revolution Drives’ chief executive and majority shareholder has joined Fenner’s Precision Polymers business and will work with our existing team there to help deliver continued growth.”