14th Dec 2007 10:00
Fenner PLC14 December 2007 Fenner PLC ("Fenner") Fenner acquires the assets of Spliceline, Darwin, Australia ("Spliceline") Fenner, through its wholly owned subsidiary, Enerka Apex Belting Pty Ltd ispleased to announce the acquisition today of substantially all of the operatingassets and liabilities of Spliceline. Fenner acquired gross assets of approximately Aus$2,125,000 from Splicelinewhich is based in Darwin, Australia and is a privately owned service businessspecialising in belt splicing, rubber lining works, mechanical servicing andbelting sales. Mark Abrahams, CEO of Fenner PLC commented that "Spliceline represents a furtherstrategic piece of the Australian service network that will enable our valueadded service model to offer an even greater selection of safe conveyorsolutions to the growing resource market in Australia". 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:
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