12th Nov 2007 07:00
Fenner PLC12 November 2007 Fenner PLC ("Fenner") Fenner acquires the assets of B-LOC ("B-LOC") Fenner, through its wholly owned subsidiary, Fenner, Inc is pleased to announcethe acquisition today of substantially all of the operating assets andliabilities of B-LOC. Fenner acquired gross assets of approximately $2.6 m from B-LOC which is a NewYork based, privately owned corporation involved in engineering and sellingspecialist power transmission and motion control components. Mark Abrahams, CEO of Fenner PLC commented that "B-LOC is well known in theNorth American market. Their products extend and complement Fenner's range ofhigh value-added, proprietary drive solutions". Fenner is the world leader in the global conveyor belting market. Its productsinclude lightweight and heavyweight conveyor belting for the mining and powergeneration markets, precision motion control products for the computer, copierand mechanical equipment markets, and sealing products for the mining,hydraulics and oil and gas industries. -Ends- For further information please contact: Fenner PLCMark Abrahams, Chief Executive 01482 626501Richard Perry, Finance Director Weber Shandwick FinancialNick Oborne/ Stephanie Badjonat 020 7067 0700 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Fenner PLC