Fenner (company)
(Redirected from Fenner PLC)
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Polymers |
| Founded | 1861 |
| Headquarters | Hessle, England, UK |
| Revenue | £655.4 million (2017)[1] |
| £59.1 million (2017)[1] | |
| £34.3 million (2017)[1] | |
Number of employees | 4,330 (2017)[2] |
| Parent | Michelin |
| Website | www |
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.
History
[edit]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
[edit]The business is organised into the following units:[7]
- Engineered Conveyor Solutions
- Advanced Engineered Products
References
[edit]- ^ a b c "Annual Report 2017" (PDF). Fenner. Archived from the original (PDF) on 18 January 2018. Retrieved 17 January 2018.
- ^ "Our people". Fenner. Archived from the original on 18 January 2018. Retrieved 18 January 2018.
- ^ "Fenner plc Celebrates 150 Years". The Institute for Chemistry in Industry. 2011. Retrieved 31 July 2013.
- ^ "Port Authority to finance Fenner Dunlop expansion". Toledo Business Journal. 2006. Retrieved 31 May 2008.
- ^ "Michelin to purchase historic Hessle firm Fenner in deal worth £1.3bn". Hull Daily Mail. 20 March 2018. Retrieved 20 March 2018.
- ^ "Michelin completes Fenner acquisition". Rubber and Plastics News. 31 May 2018. Retrieved 1 June 2018.
- ^ "Fenner: What we do". Fenner. Archived from the original on 19 March 2014. Retrieved 18 March 2014.
External links
[edit]Categories:
- British companies established in 1861
- Companies based in the East Riding of Yorkshire
- Manufacturing companies of the United Kingdom
- Companies based in Kingston upon Hull
- Industry in Kingston upon Hull
- Companies formerly listed on the London Stock Exchange
- 1861 establishments in the United Kingdom
- 2018 mergers and acquisitions