Fenner acquires US metal conveyor belt manufacturer Lumsden
4 Oct 2021
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Move to expand core product offerings in belting, increase penetration in food processing and other areas
Manheim, Pennsylvania – Michelin-owned Fenner Precision Polymers has acquired Lumsden Corp., a US-based manufacturer of industrial conveyor belting and wire cloth for the quarry and mining industry.
Headquartered in Lancaster, Pennsylvania, Lumsden also produces solutions for applications in food processing, heat treating, mining, glass treating, printing and canning, Fenner announced 1 Oct.
Fenner expects the deal to strengthen its position as a supplier of “highly specialised conveying products” and offers new opportunities such as metal screening for infrastructure, mining, and road applications.
“Strong potential growth, market share gains and an opportunity to expand into new belting markets are all compelling reasons why Lumsden Corp. will play a critical role in our strategy,” said Jack Krecek, divisional managing director, Fenner Precision Polymers.
Lumsden has three major brand categories: Hoyt Wire Cloth, Wiremation Conveyor Belting and Flexx Flow.
Under the acquisition, all product brands will be retained and rolled up under the Fenner Precision Polymers portfolio of belting and high-value component solutions.
The acquisition will help advance Fenner's growth strategy and business objectives which are aligned with Michelin’s “beyond tires” goals.
Fenner said the move expands core product offerings in belting and high-value components, which increases penetration in food processing and other areas.
The purchase also expands Fenner’s reach into other applications such as crushed stone, sand, and gravel, which the company expects to grow significantly in view of the infrastructure investments planned in the US over the next decade.
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