Thursday 18th Aug, 2022

Fenner finalises CPS acquisition

Fenner Australia will acquire full ownership of WA-based Conveyor Products & Solutions Pty Ltd (CPS).

Fenner Australia has completed the total acquisition of Conveyor Products & Solutions Pty Ltd (CPS).

CPS is an Australian manufacturer of high-quality conveyor rollers, idlers, and pulleys for the mining and bulk materials handling markets.

Fenner, a manufacturer of conveyor belting for industrial application, aims to strengthen its capability to provide customers with a comprehensive end to end, one stop shop for all conveyor related needs.

“We are delighted that CPS has joined Fenner and the One Michelin Group Australia, as it provides great opportunities for our collective customers and our combined team of talented people,” Fenner Executive Director, David Landgren said.

Combining the two business in Australia, which have similar values regarding quality local manufacturing and support, aims to support ongoing commitments to people and the environment.

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CPS’s WA-based manufacturing capabilities are equipped with automation, digital and robotic production tools and are expected to add significant value when combined with Fenner’s existing Australia–wide conveyor footprint.

The customer support offices of both companies also provide further synergy and strength to a national and international capability.

“Joining Fenner represents an exciting time for CPS, which has established itself as the industry leader in composite conveyor rollers, idlers and pulleys. CPS Managing Director and CEO 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.”

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