HESSLE, England (Aug. 10, 2012)—Fenner PLC has bought a Norwegian producer of hose technology—the privately-held Mandals A.S.
This is the second acquisition this week of a Norwegian company by the UK-based conveyor belt and offshore technology group.
Fenner said Mandals is a manufacturer of innovative lay flat and specialty hoses for use in demanding applications and of circular looms for the manufacture of the woven fabric used in the production of hoses.
It is an acknowledged market leader in its industry, with products sold around the world. The acquisition builds on the expertise of Fenner's Advanced Engineered Products Division, providing performance critical applications to the agricultural, infrastructure, potable water and oil and gas markets.
The transaction is expected to complete in early September.
Earlier this week Fenner announced the acquisition of Norwegian Seals A.S.