Fenner subsidiary buys Aussie engineered conveyor solutions firm

Reinforced polymer technology firm Fenner said on Friday that its wholly owned subsidiary, Fenner Dunlop Australia, has agreed to acquire 100 per cent of the share capital of ACE, a privately owned group of companies based in New South Wales, Australia, which specialises in supplying engineered conveyor solutions for the design, manufacture and installation of high capacity conveyor systems.

Reinforced polymer technology firm Fenner said on Friday that its wholly owned subsidiary, Fenner Dunlop Australia, has agreed to acquire 100 per cent of the share capital of ACE, a privately owned group of companies based in New South Wales, Australia, which specialises in supplying engineered conveyor solutions for the design, manufacture and installation of high capacity conveyor systems.

The audited value of the gross assets of ACE totalled £10.4m at the mid-year point. The transaction is expected to complete at the end of next month.

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