Fenner Australia has acquired full ownership of composite conveyor roller, idler and pulley manufacturing specialist Conveyor Products & Solutions (CPS).
The acquisition will support Fenner’s Australia capability to provide a comprehensive end-to-end service for its customers’ conveyor related needs and support ongoing commitments to people and environment.
Both businesses have aligned values when it comes to quality local manufacturing and support and delivering sustainable value to customers. This integration will provide increased skills and product development pathways, supporting further the extensive customer centric benefits.
Based in Western Australia, CPS’ manufacturing capabilities, such as automation, digital and robotic production tools, will add significant value to Fenner’s existing Australia–wide conveyor footprint – in particular, its Queensland-based pulley and idler manufacturing plant.
Likewise, the customer support offices of both companies will further strengthen its national and international capabilities.
Through existing and future innovations, including research & development projects, further planet benefits can be leveraged through each phase of product lifecycle, importantly within the customer’s usage phase.
“We are excited about CPS joining Fenner, and the One Michelin Group Australia, as it will provide great opportunities for our collective customers and our combined team of talented people,” Fenner executive director David Landgren.
“Joining with Fenner represents an exciting time for CPS which has established itself as the industry leader in composite conveyor rollers, idlers and pulleys,” Conveyor Products & Solutions managing director and chief executive Michael Einhorn said.
“Integration with Fenner allows CPS’ successful growth strategy to continue on the next phase of ensuring we deliver maximum, sustainable value to our customers and provide opportunity to our people.”
The acquisition may be subject to regulatory approval and is subject to the satisfaction of customary closing conditions. After closing, CPS will become a wholly owned subsidiary of Fenner Australia.