Michelin acquires Fenner

Michelin acquired Fenner PLC, a British industrial equipment manufacturer specializing in conveyor belts and polymer processing, to expand its mining solutions and non-tire activities.

“The acquisition of Fenner marks the transition of a publicly traded independent entity to a fully integrated industrial subsidiary within the Michelin group.”mynthcapital.com

• 3 sources
• mynthcapital.comFENNER acquired by MICHELIN - EV/EBITDA & Deal Analysismynth contributorMar 1, 2018
• im-mining.comMichelin to buy mining conveyor major Fenner - International MiningPaul MooreMar 19, 2018
• lancasteronline.comMichelin to acquire Fenner, an English firm with +400 employees in Lancaster County, for $1.7B | Local Business | lancasteronline.comTIM MEKEELApr 2, 2018

Summarized from public sources; check the original articles before acting on it.