Fenner (company)

Fenner is a leading British-based manufacturer of industrial belting and other polymer-based products. It is headquartered in Hessle. It was listed on the London Stock Exchange until it was acquired by Michelin in May 2018.

Fenner

Company type	Subsidiary
Industry	Polymers
Founded	1861; 164 years ago (1861)
Headquarters	Hessle, England, UK
Revenue	£655.4 million (2017)[1]
Operating income	£59.1 million (2017)[1]
Net income	£34.3 million (2017)[1]
Number of employees	4,330 (2017)[2]
Parent	Michelin
Website	www.fenner.com

History

The business was founded by Joseph Henry Fenner in 1861 as a manufacturer of leather belting at Bishop Lane in Hull, England.^[3] In 1921 it diversified into textile belting and subsequently into polymer belting. In 2006 the Company initiated a major expansion in Ohio, United States.^[4]

In March 2018, French tyre maker, Michelin, launched a bid to buy the company for £1.3 billion.^[5] The acquisition was completed in May 2018.^[6]

Operations

The business is organised into the following units:^[7]

• Engineered Conveyor Solutions
• Advanced Engineered Products