5 Jul 2011
ERJ staff report (DS)
Marfleet, Hull, UK -- Fenner PLC said that on 1st July 2011 its wholly owned subsidiary Enerka Apex Belting Pty Ltd acquired 100 percent of the share capital of Statewide, which is a privately owned company based in Burnie, Tasmania. Fenner acquired gross assets valued at 30 June 2010 at AUD$3,945,000 (Euro 2.92 million).
Statewide specialises in the provision of belting products, accessories and installation services to the mining and manufacturing industries in Tasmania.
Nick Hobson, CEO of Fenner PLC, commented that "Statewide represents a further strategic piece of the Fenner Dunlop Australia ("FDA") service network and will broaden the reach of our value added service model. Moreover it reinforces FDA's position as the leading provider of conveyor products, solutions and service to the buoyant mining and resource markets in Australia".
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Press release from Fenner PLC
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