ERJ staff report (DS)
London -- UK-based belt maker Fenner PLC said its US subsidiary has acquired substantially all of the operating assets of privately-held Allison Custom Fabrication based in Allison, Pennsylvania. The unaudited value of the gross assets being acquired was $6.471m as at 31 December 2010.
Allison specialises in the design, engineering, machining and metal fabrication of customised material handling equipment, primarily for the mining markets of Pennsylvania and West Virginia. It has a strong reputation amongst its customers in the underground coal industry for responsive and technically advanced engineering solutions for conveying systems and structure.
The acquisition is being made by Fenner Dunlop Americas, Inc., ("Fenner Dunlop"). Nicholas Hobson, CEO of Fenner said "This is a significant development for the Fenner Dunlop Engineered Conveyor Solutions offering in the Americas. We have again expanded our capabilities and have broadened our offer to manage the life cycle of our customers' conveyors. This acquisition further consolidates Fenner Dunlop's position as the leading supplier of conveyor products and services to the North American markets."
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Press release from Fenner PLC