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.
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