# 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.

- Type: Acquisition
- Announced: 2018-03-01
- Where: Hessle, East Riding of Yorkshire, United Kingdom
- Value: $1.70B
- Status: completed
- Products: conveyor belts, polymer products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Michelin](https://endata.com/companies/13430.md) (acquirer)
- [Fenner](https://endata.com/companies/18364.md) (target)

## Sources

- [mynthcapital.com](https://mynthcapital.com/public-deals/fenner-acquired-by-michelin-032018), 2018-03-01: "The acquisition of Fenner marks the transition of a publicly traded independent entity to a fully integrated industrial subsidiary within the Michelin group."
- [im-mining.com](https://im-mining.com/2018/03/19/michelin-buy-mining-conveyor-major-fenner/), 2018-03-19: "For Michelin, this acquisition is in perfect strategic alignment with its ambition to leverage its expertise in high-technology materials."
- [lancasteronline.com](https://lancasteronline.com/business/local_business/michelin-to-acquire-fenner-an-english-firm-with-400-employees-in-lancaster-county-for-1/article_54ce5380-3684-11e8-afee-d341aa4d9e13.html), 2018-04-02: "We at the Fenner Precision Polymers Division are enthusiastic about the prospects of becoming part of a much larger organization with an expanded global reach."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.