Fenner PLC Acquisition (7144J)
2012年8月9日 - 10:57PM
RNSを含む英国規制内ニュース (英語)
TIDMFENR
RNS Number : 7144J
Fenner PLC
09 August 2012
9 August 2012
Fenner PLC
("Fenner" or the "Company")
Acquisition of American Industrial Plastics ("AIP")
Fenner is pleased to announce that it has today exchanged
contracts to acquire substantially all of the assets of American
Industrial Plastics, Inc, a privately owned company based in
Florida, USA. AIP will be acquired by a newly incorporated wholly
owned subsidiary of Fenner, American Industrial Plastics, LLC, and
the transaction is expected to complete in early September 2012.
The value of the AIP gross assets being acquired will be
US$3.8m.
AIP is a precision machining company with the ability to machine
advanced polymers for application in the oil & gas and medical
markets as well as manufacturing performance precision components
for a range of niche applications including aerospace. It will
become part of the Fenner Advanced Sealing Technologies ("FAST")
business within the AEP Division.
Nick Hobson, CEO of Fenner PLC, commented:
"AIP's proprietary manufacturing technologies, which include
polymer machining techniques with unprecedented levels of
precision, complement FAST's existing capabilities and business in
the oil & gas and medical markets."
-ends-
For further information please contact:
Fenner PLC
Nicholas Hobson, Chief Executive 01482 626501
Richard Perry, Finance Director
Weber Shandwick
Nick Oborne/ Stephanie Badjonat 020 7067 0700
Notes to Editors
Fenner PLC is a leading global provider of local, engineered
solutions for performance critical applications. The group operates
through two divisions:
Engineered Conveyor Solutions. The ECS division, trading under
the Fenner Dunlop, Fenner and Dunlop brand names, is a recognised
leader in the global conveying market. The division offers a
unique, comprehensive suite of products and services, which cover
the conveying needs of mining, power generation and bulk handling
markets.
Advanced Engineered Products. The AEP division excels at solving
customers' most challenging application problems. Drawing from an
unprecedented array of polymer, elastomer and textile technologies,
the division routinely develops innovative performance- critical
components for OEM customers in markets from underground oil
exploration/mining to satellites/aircraft, speciality off-road
vehicles to implantable medical devices, and from bank note
dispensers to wind turbines. The Division's trading names are
recognised globally and include Hallite, CDI Seals, EGC Plastics,
FAST, Fenner Precision, Fenner Drives, James Dawson, Secant Medical
and Xeridiem.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ACQUKSORUBAWRAR
Fenner (LSE:FENR)
過去 株価チャート
から 6 2024 まで 7 2024
Fenner (LSE:FENR)
過去 株価チャート
から 7 2023 まで 7 2024