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From Wikipedia, the free encyclopedia

Fenner
Limited
Traded asLSEFENR
IndustryPolymers
Founded1861
HeadquartersHessle, 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]
Websitewww.fenner.com

Fenner 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.

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Transcription

Contents

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. ^ a b c "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.

External links

This page was last edited on 6 January 2019, at 08:41
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