Friday 1st Jul, 2022

Fenner to acquire Conveyor Products & Solutions

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

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

CPS designs, engineers and locally manufacturers high-quality conveyor rollers, idlers, and pulleys for the mining and bulk handling markets.

Fenner Australia is an Australian-based manufacturer of conveyor belting for mining and industrial applications, as well as supporting engineering and conveyor services.

Fenner executive director David Landgren said he is excited about the company joining Fenner, and the One Michelin Group Australia, as it will provide great opportunities for its collective customers and its combined team of talented people.

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CPS managing director and CEO Michael Einhorn said joining with Fenner represents an exciting time for the companies, which has established itself as the industry leader in composite conveyor rollers, idlers, and pulleys.

“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,” Einhorn said.

CPS is equipped with modern industrial means, automation, digital and robotic production tools, which will add significant value when combined with Fenner’s existing Australia–wide conveyor footprint.

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

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.

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