Fenner PLC

Fenner PLC
Public (LSE: FENR)
Industry Polymers
Founded 1861
Headquarters Hessle, England, UK
Key people
 Mark Abrahams, Chairman
Nicholas Hobson, CEO
Revenue £655.4 million (2017)[1]
£59.1 million (2017)[1]
£34.3 million (2017)[1]
Number of employees
 4,330 (2017)[2]
Website www.fenner.com

Fenner PLC is a leading British-based manufacturer of industrial belting and other polymer-based products. It is headquartered in Hessle. It was listed on the London Stock Exchange until it was acquired by Michelin in May 2018.

History

The business was founded by Joseph Henry Fenner in 1861 as a manufacturer of leather belting at Bishop Lane in Hull, England.[3] In 1921 it diversified into textile belting and subsequently into polymer belting. In 2006 the Company initiated a major expansion in Ohio, United States.[4]

In March 2018, French tyre maker, Michelin, launched a bid to buy the company for £1.3 billion.[5] The acquisition was completed in May 2018.[6]

Operations

The business is organised into the following units:[7]

  • Engineered Conveyor Solutions
  • Advanced Engineered Products

References

  1. 1 2 3 "Annual Report 2017" (PDF). Fenner. Retrieved 17 January 2018.
  2. ↑ "Our people". Fenner. Retrieved 18 January 2018.
  3. ↑ "Fenner plc Celebrates 150 Years". The Institute for Chemistry in Industry. 2011. Retrieved 31 July 2013.
  4. ↑ "Port Authority to finance Fenner Dunlop expansion". Toledo Business Journal. 2006. Retrieved 31 May 2008.
  5. ↑ "Michelin to purchase historic Hessle firm Fenner in deal worth £1.3bn". Hull Daily Mail. 20 March 2018. Retrieved 20 March 2018.
  6. ↑ "Michelin completes Fenner acquisition". Rubber and Plastics News. 31 May 2018. Retrieved 1 June 2018.
  7. ↑ "Fenner: What we do". Fenner. Retrieved 18 March 2014.
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