Fenner Precision Polymers, a Manheim-based Michelin Group company specialized in reinforced polymer technology, acquired industrial conveyor belting and wire cloth manufacturer Lumsden Corp.
Fenner announced on Friday that it completed an acquisition with Lancaster-based Lumsden and will be retaining the company’s three brands under its portfolio of belting and high-value component solutions.
Lumsden’s three major brand categories include Hoyt Wire Cloth, used in crushed stone, sand and gravel, concrete and asphalt, coal and reclining applications; Wiremation, used for food processing heat treating, fiberglass and more; and Flexx Flow serving food processing markets similarly to Wiremation.
Fenner’s acquisition of Lumsden will strengthen the company’s position as a supplier of specialized conveying products and introduce new opportunities like metal screening for infrastructure, mining and road applications, the company wrote in a press release.
“Strong potential growth, market share gains and an opportunity to expand into new belting markets are all compelling reasons why Lumsden Corporation will play a critical role in our strategy,” said Jack Krecek, division managing director at Fenner Precision Polymers. “Lumsden is not only a respected leader in the belting industry – and one that greatly adds to our product portfolio – it is also a longtime Lancaster institution, with a presence here of more than 45 years.”
Fenner employs over 900 people worldwide and supports clients in industries such as 3D printing, document handling, transportation, mining, agriculture and more. With the acquisition of Lumsden it will be adding 126 local employees.
Glenn Farrell, Lumsden Corp. CEO, is set to continue with the organization in a consulting role for the next year, said a Fenner spokesperson.
Lumsden’s merger with Fenner is just the move the company needs to take its business to the next level, said Farrell.
“We’ve considered offers prior to this in the past, but always in the back of our mind was the thought of how ideal it would be to partner with Fenner, where we share the same location, similar markets, and the simple fact that they are such a trusted industry leader,” he said.