5 Mar 2018 07:00
5 March 2018
Fenner PLC
Acquisition of National Bearings Company,Precision Polymers business in the United States
Fenner PLC is pleased to announce that, through its subsidiary Fenner Inc., it has acquired the assets and business of National Bearings Company ("National Bearings"), a small specialist manufacturer of custom engineered polymer and metal bearings. Located in the United States, it supplies a number of leading multinational industrial customers.
Mark Abrahams, CEO of Fenner PLC, commented: "This acquisition further supports our stated strategy to grow our Advanced Engineered Products ("AEP") division and in particular it will complement the product and customer portfolio of our Precision Polymers business within AEP. I am also pleased to say that the employees of National Bearings have joined Fenner's Precision Polymers business and that the President and majority shareholder Jessica May is working with us on a consultancy basis to help ensure a smooth transition."
For further information contact:
Fenner PLC | |
Mark Abrahams - Chief Executive Officer John Pratt - Group Finance Director | Tel: 01482 626500 |