Fenner (company)
| File:Fennerlogo.PNG | |
| Company type | Public (LSE: FENR) |
|---|---|
| Industry | Polymers |
| Founded | 1861 |
| Headquarters | Hessle, England, UK |
Key people | Colin Cooke, Chairman Mark Abrahams, CEO |
| Revenue | £380.8 million (2007) |
| £38.2 million (2007) | |
| £23.9 million (2007) | |
| Website | www.fenner.com |
Fenner plc (LSE: FENR) is a leading British-based manufacturer of industrial belting and other polymer-based products. It is headquartered in Hessle and is a constituent of the FTSE 250 Index.
History
The business was founded in 1861 as a manufacturer of leather belting. In 1921 it diversified into textile belting and subsequently into polymer belting. In 2006 the Company initiated a major expansion in Ohio.[1]
Fenner acquisition
Several sovereign wealth funds are expressing an interest in the acquisition of Fenner, [2] and two Far East SWFs have undertaken corporate investigations into a possible acquisition of Fenner. The acquisition would ensure an ongoing product development and technological base for the manufacturing industries in the Far East. [3]
Operations
The business is organised into the following units:
- Fenner Dunlop - conveyor belting
- Fenner Drives - power transmission belting
- Fenner Precision - precise power transmission applications
- James Dawson - polymeric products
- Fenner Advanced Sealing Technologies - sealing products