Fenner buys in Australia

INDUSTRIAL belting and seal business Fenner is buying an Australian group, it announced this morning.

The company’s subsidiary Fenner Dunlop Australia is acquiring the privately-owned ACE group which has gross assets valued at £10.4m.

Based in New South Wales, ACE specialises in supplying conveyor systems for surface and underground mining.

Fenner chief executive Nicholas Hobson said: “This is a significant development for the Fenner Dunlop Engineered Conveyor Solutions offering in Australia, through which we are growing by strengthening our capabilities to effectively manage the lifetime cost of our customers’ conveyors throughout the business cycle. 

“This acquisition consolidates Fenner Dunlop’s position as the leading supplier of conveyor products and services to the Australian markets and complements the acquisition in North America of the Allison Custom Fabrication business.”

Hessle-based Fenner expects to complete the deal by the end of November.