LONDON—Fenner P.L.C., through its Fenner Inc. subsidary, has acquired the assets and business of National Bearings Co.
Terms of the acquisition were not disclosed.
National Bearings, a small specialist manufacturer of custom engineered polymer and metal bearings based in Lancaster, Pa., supplies a number of multinational industrial customers, according to Fenner.
"This acquisition further supports our stated strategy to grow our Advanced Engineered Products (AEP) division and…will complement the product and customer portfolio of our Precision Polymers business within AEP," Fenner CEO Mark Abrahams said.
Abrahams went on to note that Jessica May, National Bearings president and majority shareholder, will work as a consultant throughout the transition.
National Bearings employees have joined Fenner's Precision Polymers business, Abrahams said.