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
Interfor Completes Acquisition Of Simpson Lumber Sawmills
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Interfor Corporation (IFP) announced today it has completed the acquisition of four sawmills from Simpson Lumber Company, LLC, increasing its annual lumber production capacity by 30 percent to 3.1 billion board…
Shrinking Timber Supply Sends B.C. Companies On U.S. Mill Buying Spree
At first blush, year-end financials and stock prices for B.C.’s largest forest companies would suggest the province’s forestry sector is well on the road to recovery after a decade-long slump. Interfor Corp., for example, posted…
Northwest Hardwoods Completes Acquisition Of Industrial Timber & Lumber
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Northwest Hardwoods Inc. (NWH) has recently completed the acquisition of Industrial Timber & Lumber Company (ITL) based in Beachwood, Ohio. NWH is headquartered in Tacoma, WA and has operations in the…
Martco To Build OSB Facility In Corrigan
googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1548381510056-0’); }); Martco L.L.C. announced the selection of Corrigan, Texas as the location for a new, state-of-the-art oriented strandboard (OSB) facility. The facility is expected to employ 165. Construction is scheduled to begin…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.