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
Post-Michael Salvage Winds Down
Post-Michael Salvage Winds DownEstimates of successful wood salvage on timberland damaged by Hurricane Michael along the Florida Panhandle and southwest Georgia range from 10-16%, according to some authorities. Making landfall on October 10, 2018 near Mexico Beach in...
OSHA Increases Inspections, Safety Training Sessions
OSHA Increases Inspections, Safety Training Sessions in 2019The U.S. Department of Labor’s Occupational Safety and Health Administration’s (OSHA) fiscal year 2019 final statistics show a significant increase in the number of inspections and a record amount of...
Scientists Nationwide Endorse Wood Energy
Scientists Nationwide Endorse Wood EnergyThe US Industrial Pellet Assn. (USIPA) has endorsed a recent letter signed by more than 100 scientists from more than 50 colleges and universities citing the benefits of wood energy. The letter, published by the National Assn....
MAXAM LogXtra Forestry Tire
MAXAM introduces the LogXtra forestry line to its broad range of specialty tire programs. MAXAM has engineered the MS931 LogXtra to provide the industry with the best solution for abusive forestry…
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.