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
Multi-Family Housing Takes Up Slack For March
U.S. housing starts edged higher in March, increasing 0.3% to a seasonally adjusted rate 1.793 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction…
Freres Celebrates Centennial Anniversary
Lyons, Ore.-based Freres Lumber Co., now doing business as Freres Engineered Wood, is celebrating its centennial year, marking a century of transformative growth and positive impact on the wood products industry, clients, employees, and its surrounding communities. Freres celebrates this…
Oregon Timber Agreement Said To Be Historic
An historic agreement between the timber industry and environmental advocates that the Oregon state legislature recently passed into law forms a comprehensive set of changes to the Oregon Forest Practices Act, and is the result of months of negotiations facilitated by Gov. Kate Brown in which…
Westervelt Picks BID For Planer Mill
BID Group has received a new turnkey order from Westervelt Lumber to modernize the existing planer mill in Moundville, Ala. BID will manage, design, build, equip, install, and provide full start-up services for the project. The new operation will incorporate the full spectrum of BID’s best-in-class…
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.