MARFLEET, England (July 5, 2011)—A Fenner P.L.C. subsidiary has purchased a belting distributor in Tasmania.
Fenner said its Enerka Apex Belting Pty. Ltd. subsidiary acquired 100 percent of the share capital of Statewide Belting Service Pty. Ltd. of Burnie, Tasmania, on July 1. The gross assets of privately owned Statewide are valued at more than $4 million, Fenner said.
Statewide specializes in the supplying belting products, accessories and installation services to the mining and manufacturing industries in Tasmania, according to Fenner.