Fenner (company)

British-based manufacturer of industrial belting

Fenner

Company type| Subsidiary
Industry| Polymers
Founded| 1861; 164 years ago (1861)
Headquarters| Hessle, England, UK
Revenue| £655.4 million (2017)[1]

Operating income

| £59.1 million (2017)[1]

Net income

| £34.3 million (2017)[1]

Number of employees

| 4,330 (2017)[2]
Parent| Michelin
Website| www.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.

## 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]

1. ^ a b c "Annual Report 2017" (PDF). Fenner. Archived from the original (PDF) on 18 January 2018. Retrieved 17 January 2018.
2. ^ "Our people". Fenner. Archived from the original on 18 January 2018. 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. Archived from the original on 19 March 2014. Retrieved 18 March 2014.

## External links

[edit]

* Official website

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