Fenner Drives Acquires National Bearings Company
Fenner has acquired the U.S.-based National Bearings Company. Based in Lancaster, Pennsylvania, National Bearings Company manufactures custom polymer and metal bearings that are tooled and easily adapted to suit a variety of applications. Fenner manufactures industrial belts and rubber hoses and the acquisition will be undertaken by Fenner's U.S. subsidiary, Fenner Inc.
"This acquisition further supports our stated strategy to grow our Advanced Engineered Products division and in particular it will complement the product and customer portfolio of our Precision Polymer business within AEP," said Mark Abrahams, CEO, Fenner.
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