M&A Deal Summary

Forbo Holding AG Acquires Fenner - Lightweight Conveyor Belt Operations

On July 11, 2008, Forbo Holding AG acquired manufacturer Fenner - Lightweight Conveyor Belt Operations from Fenner Group Holdings

Acquisition Highlights
  • This is Forbo Holding AG’s 1st transaction in the Manufacturing sector.
  • This is Forbo Holding AG’s 1st transaction in the United States.
  • This is Forbo Holding AG’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2008-07-11
Target Fenner - Lightweight Conveyor Belt Operations
Sector Manufacturing
Buyer(s) Forbo Holding AG
Sellers(s) Fenner Group Holdings
Deal Type Divestiture

Target

Fenner - Lightweight Conveyor Belt Operations

Charlotte, North Carolina, United States
Fenner - Lightweight Conveyor Belt Operations manufactur a range of lightweight PVC conveyor belts used in a wide variety of industrial applications.

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Buyer(S) 1

Buyer

Forbo Holding AG

Baar, Switzerland
Category Company
Founded 1928
Sector Building Materials
Employees5,168
DESCRIPTION

Forbo is a producer of floor coverings, building and construction adhesives, as well as power transmission and conveyor belt solutions.

DEAL STATS #
Overall 1 of 2
Sector (Manufacturing) 1 of 1
Type (Divestiture) 1 of 2
State (North Carolina) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-28 Bonar Floors

Switzerland

Bonar Floors is a provider of resilient and textile flooring solutions for the commercial market.

Buy £123M

Seller(S) 1

SELLER

Fenner Group Holdings

Hessle, United Kingdom
Category Company
Founded 1861
Sector Machinery
Revenue 729M GBP (2014)
DESCRIPTION

Fenner is a reinforced polymer technology company focused on providing conveyor belt solutions and reinforced polymer products for the mining and general industrial markets.

DEAL STATS #
Overall 2 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 3
State (North Carolina) 1 of 1
Country (United States) 2 of 3
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-31 Fenner Fluid Power

Rockford,, Illinois, United States

Fenner Fluid Power specializing in medium-pressure hydraulic power system components.The company’s products include power units, cylinders, hand and power pumps, and pump motors assemblies.

Sell $64M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 King Energy Services of Colorado

Farmington, New Mexico, United States

King Energy Services of Colorado, Inc. is a privately owned business specialising in the sale of conveyor belts and providing splicing, repair and installation services relating to conveyor belts.

Buy -
Mergr

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