Webster Industries Purchases Renold
MPE Partners along with its portfolio company, Webster Industries, announced the closing of its acquisition of Renold plc, a leading designer, engineer, manufacturer, and supplier of premium, high specification industrial chain and torque transmission products.
With manufacturing facilities located across North America, Europe, and Asia-Pacific, Renold supplies a diverse base of global customers in more than 100 countries across a broad range of industrial power transmission applications. Renold’s products are critical to end-users’ operating environments wherever materials are lifted, moved, rotated, or conveyed and are used in end markets such as manufactured products, material handling, energy, forestry, and agriculture.
The transformative combination of Webster and Renold creates a market-leading chain and power transmission products platform with premium brands by expanding product offering, diversifying end markets and geographic footprint, and unlocking commercial opportunities. The acquisition represents a strategic step forward in Webster’s long-term vision to build the global leader in automation, material handling, and power transmission solutions.
Following the acquisition, both Webster and Renold will continue to operate out of their current manufacturing facilities, with no changes to day-to-day business operations. The combined platform will be headquartered in the U.S.
Latest news
Morbark Announces New Dealers
Morbark, LLC, and its affiliated brands, Rayco and Denis Cimaf, have selected Brandt Tractor Ltd., a wholly-owned subsidiary of the Brandt Group of Companies, as the exclusive, authorized dealer for their tree care (brush chippers, stump cutters, articulated wheel loaders), forestry/biomass…
John King Chains Wins MHEA Award
John King Chains won the Supplier of the Year accolade at the annual Materials Handling Engineers Assn. (MHEA) conference. William Wadsworth, Sales Director, comments, “To be recognized by the prestigious MHEA as the number one supplier within the materials…
University Of Georgia Researchers Will Reengineer Poplar
A multidisciplinary team of researchers at the University of Georgia and two partner institutions have been awarded a $15.8 million grant over five years from the U.S. Dept. of Energy to reengineer poplar trees to be used as a sustainable energy source…
Strategic Biofuels To Develop A Renewable Fuel Standard Compliance Tracking System For U.S. Forest Service
The U.S. Forest Service has awarded Strategic Biofuels, a leader in developing negative carbon footprint renewable fuels production facilities, a cooperative agreement under its Wood Innovations Program for the first phase of a multiphase project to develop a robust, auditable cloud-based system for demonstrating…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.