London -- Fenner PLC has purchased nearly all of the operating assets and liabilities of B-LOC, through its wholly owned subsidiary, Fenner, Inc.
Fenner has acquired gross assets of around $2.6 million (€1.8 million) from New York-based B-LOC, a privately owned corporation involved in engineering and selling specialist power transmission and motion control components.
â€œB-LOC is well known in the North American market,â€ said Mark Abrahams, CEO of Fenner PLC, in a 12 Nov statement from the company. B-LOC's products â€œextend and complement Fenner's range of high value-added, proprietary drive solutions,â€ he added.(ss)
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Press release from Fenner