Fenner completes on Hallite Seals buy

ERJ staff report (DS)

London -- Fenner PLC said its wholly owned subsidiary Hallite Seals Australia Pty Ltd ("Hallite") has completed the acquisition of Transeals Pty Ltd. Contracts were exchanged on 23 August 2011 and completion took place on 1 September 2011.

Transeals manufactures and distributes seals used in hydraulic equipment, currently serving the western parts of Australia. This strategic acquisition allows Hallite, which is mainly east coast based, to develop its aftermarket presence in the buoyant mining and oil and gas markets of Western Australia.

Fenner said, "With the capability for same day or early next day delivery, the combination of Hallite and Transeals will offer unparalleled availability of seals throughout Australia."

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Press release from Fenner PLC