Michelin to expand Fenner post-acquisition

 Milan, Italy – Michelin has unveiled plans to expand Fenner plc’s polymer capabilities, just ahead of the expected completion of its acquisition at the end of May.

The French tire maker said that the “strategic acquisition” of the UK-based manufacturer of conveyor belts & systems and engineered polymer products, would create estimated synergies of around £30 million.

The acquisition is in line with Michelin’s ambitions to “leverage its expertise in high technology materials,” the French group set out in an…

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