NEWS

Fenner PLC Acquisition of Revolution Drives Inc., Precision Polymers business in the United States

Tuesday, Aug 29, 2017

Fenner PLC is pleased to announce that on 25th August 2017, through its subsidiary Fenner Drives Inc., it acquired the assets and business of Revolution Drives Inc. ("Revolution Drives"), a small specialist precision polymers business focussed on power transmission and motion control solutions, located in the United States and with an international customer base.

Mark Abrahams, CEO of Fenner, commented: "This acquisition 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 Revolution Drives' CEO and majority shareholder has joined Fenner's Precision Polymers business and will work with our existing team there to help deliver continued growth."

 

Source:investis.com

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