Fenner (company)

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.

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

History

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

The business is organised into the following units:^[7]

• Engineered Conveyor Solutions
• Advanced Engineered Products

References

1. "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

• Official website

Michelin