Fenner acquires handling equipment manufacturer

Reinforced polymer technology manufacturer Fenner's wholly owned subsidiary Fenner Dunlop Americas has acquired the operating assets of Allison Custom Fabrication, from a group of related privately owned entities based in Pennsylvania.

By MoneyWeek

published 1 December 2011

in Features

The unaudited value of the gross assets of Allison was $6.471m as at 31 December 2010.

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Chief executive officer of Fenner, Nicholas Hobson, said: "This is a significant development for the Fenner Dunlop Engineered Conveyor Solutions offering in the Americas. We have again expanded our capabilities and have broadened our offer to manage the life cycle of our customers' conveyors.

"This acquisition further consolidates Fenner Dunlop's position as the leading supplier of conveyor products and services to the North American markets."

Fenner's share price fell 0.74% to 389.1p by 09:19.

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