Fenner Precision Polymers acquires MAV S.p.A.
Fenner Precision Polymers announced the acquisition of MAV S.p.A., a European supplier of keyless-locking devices (KLD), shrink discs, rigid couplings, and other metal products.
“Under ideal circumstances, all parties benefit during an acquisition, and that is certainly the case here,” said Jack Krecek, divisional managing director, Fenner Precision Polymers. “All customers, including those in underserved and emerging markets, will benefit from our combined technical expertise, speed to market, and turnaround times. MAV will continue operating under its esteemed brand, while also gaining access to a global sales force with considerable client relationships. This allows Fenner Precision Polymers to become the global leader in keyless locking devices. The acquisition further adds technical design expertise to our ranks, allows us to vertically integrate solutions, and vastly improves our positioning in the global supply chain.”
For years Fenner Precision Polymers worked to reestablish a previous relationship between MAV and Fenner Drives B-LOC Keyless Bushings. “The original partnership between our companies helped establish the KLD market in North America,” said Krecek “It is our goal to re-establish that link so that we can leverage the combined strengths of both companies to grow our business outside of North America.”
Fenner Precision Polymers, a Michelin Group Company, manufactures coated fabrics and technical textiles, link belting for power transmission and conveying, keyless locking devices, Eagle polyurethane belting, silicone and organic rubber hoses, customized bearing solution, and PowerMax composite products.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
