Fenner

Michelin has completed the acquisition of Fenner PLC, a world leader in reinforced polymer technology, for approximately £1.3 billion. The deal was approved by Fenner shareholders on May 16, 2018, and sanctioned by the court on May 25, 2018, becoming effective on May 31, 2018.

Fenner, through its U.S. subsidiary Fenner Inc., has acquired National Bearings Company, a Lancaster, Pennsylvania-based manufacturer of custom polymer and metal bearings.

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.