# Renold acquires MAC Chain Company for US$31.4 million

Renold plc acquired the trade and net assets of MAC Chain Company Ltd (U.S.) and the entire issued share capital of MAC Chain Company Limited (Canada) for a total cash consideration of US$31.4 million.

- Type: Acquisition
- Announced: 2024-09-10
- Where: Pacific Northwest, USA; British Columbia and Quebec, Canada, United States
- Value: $31.4M
- Status: completed
- Products: conveyor chain, ancillary products
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Renold](https://endata.com/companies/25596.md) (acquirer)
- [MAC Chain Company](https://endata.com/companies/79714.md) (target)

## Sources

- [advfn.com](https://www.advfn.com/stock-market/london/RNO/stock-news/94519242/renold-plc-acquisition-of-mac-chain-company), 2024-09-10: "The Acquisition substantially increases the Group's access to the Western US and Canadian CVC markets, particularly forestry, which we have identified as a significant opportunity for the Group to expand into."

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