LONDON (Aug. 28)—British belting maker Fenner P.L.C. has acquired Eagle Belting Co., a Des Plaines, Ill.-based manufacturer of thermoplastic polyurethane belting, for $5.25 million. The U.S. firm's products are used mainly in high-speed package handling applications, Fenner said. "The addition of the highly regarded Eagle products to our existing product portfolio provides a firm foundation from which to accelerate growth within this market niche," Fenner Chief Executive Mark Abrahams said in a company statement. Eagle Belting, founded in 1916 but specializing in TPU belting since 1978, distinguishes its products from the competition by making them orange.
Fenner acquires TPU belting maker Eagle Belting
Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].