3rd Mar 2008 15:40
Fenner PLC03 March 2008 3 March 2008 Fenner PLC ("Fenner") Fenner acquires the assets of Winfield Industries, Inc. ("Winfield") Fenner, through its wholly owned subsidiary, Fenner Precision, Inc is pleased toannounce the acquisition today of substantially all of the operating assets andliabilities of Winfield. Fenner acquired gross assets of $4.78 million from Winfield which is a privatelyowned corporation based in Buffalo, New York, USA. Winfield produces specialisedpolymer products for the global office automation and industrial markets. Mark Abrahams, CEO of Fenner PLC commented that "Winfield is recognised as aleading supplier of performance-critical rollers for digital imagingapplications. Its products are naturally complementary to the existing productsof Fenner Precision. Together, Winfield and Fenner Precision will offer theoffice automation market an unrivalled range of technical capability, productsand experience." Fenner is a world leader in the field of reinforced polymer engineering. Itsproducts include lightweight and heavyweight conveyor belting for the mining andpower generation markets; precision motion control products for the officeautomation and mechanical equipment markets; sealing products for the mining,hydraulics and energy industries; and technical fabrics for medical andindustrial applications. -Ends- For further information please contact: Fenner PLC 01482 626501Mark Abrahams, Chief ExecutiveRichard Perry, Finance Director Weber Shandwick Financial 020 7067 0700Nick Oborne/ Stephanie Badjonat This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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