LONDON (Dec. 19, 2007) — Fenner P.L.C. has acquired $1.8 million worth of Darwin, Australia-based Spliceline's operating assets and liabilities.
The acquisition occurred through Fenner's wholly owned subsidiary, Enerka Apex Belting Pty. Ltd.
Spliceline, which is a privately owned service business, specializes in belt splicing, rubber lining works, mechanical servicing and belting sales.
Fenner CEO Mark Abrahams said Spliceline will enable the firm's value added service model to offer more safe conveyor solutions to the growing resource market in Australia.