Fenner, the historic Hessle-based industrial belts manufacturer, has acquired National Bearings, a smallish specialist manufacturer of custom engineer polymer and metal bearings.
The acquisition was made within the company’s Fenner Inc subsidiary on an unspecified amount.
Located in the usa, National Bearings supplied multinational industrial customers.
Fenner CEO Mark Abrahams said: “This acquisition further supports our stated solution to grow our Advanced Engineered Products (AEP) division specifically it can complement the item and customer portfolio of your Precision Polymers business within AEP.
“I am also pleased to mention that the employees of National Bearings have joined Fenner’s Precision Polymers business which the President and majority shareholder Jessica May is handling us on the consultancy basis to help you ensure a simple transition.”