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  • FENNER CONVEYORS ACQUIRES CONVEYOR PRODUCTS & SOLUTIONS (CPS)

FENNER CONVEYORS ACQUIRES CONVEYOR PRODUCTS & SOLUTIONS (CPS)

Fenner Australia, has agreed to acquire Conveyor Products & Solutions (CPS), a specialist in composite conveyor roller, idler and pulley design, and manufacturing.

  • CPS is a global leader in innovative design, engineering and Australian based manufacturing of high quality conveyor rollers, idlers, and pulleys for the mining and bulk materials handling markets
  • A further investment of Fenner Australia, strengthening the capability to provide Australian and Global Customers with a comprehensive end to end, one stop shop for all their Conveyor related needs
  • This acquisition intention will leverage many synergies, where the integration of these People and Product oriented businesses will provided increased skills and product development pathways, supporting further the extensive Customer Centric benefits

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Fenner Australia is a world leader in the Australian based manufacture of conveyor belting for mining and industrial applications, as well supporting engineering and conveyor services.

CPS is an Australian company, which is a global leader in innovative design, engineering and Australian based manufacturing of high quality conveyor rollers, idlers, and pulleys for the mining and bulk materials handling markets.

Combining these two businesses in Australia, with their aligned values regarding quality local manufacturing and support, as well as a focus on delivering sustainable value to customers, supports ongoing commitments to people and environment.

“We are excited about CPS joining Fenner, and the One Michelin Group Australia, as it will provide great opportunities for our collective customers and our combined team of talented people,” David Landgren, Executive Director Fenner.

“Joining with Fenner represents an exciting time for CPS which has established itself as the industry leader in composite conveyor rollers, idlers and pulleys. Integration with Fenner allows CPS’ successful growth strategy to continue on the next phase of ensuring we deliver maximum, sustainable value to our customers and provide opportunity to our people,” Michael Einhorn, Managing Director & CEO CPS.

Equipped with ultra-modern industrial means, automation, digital and robotic production tools, the Western Australia based CPS manufacturing capabilities will add significant value when combined with Fenner’s existing Australia–wide conveyor footprint – and in particular the Queensland-based pulley and idler manufacturing.

Furthermore, the customer support offices of both companies provide further synergy and strength to a national and international capability.

Through existing and future innovations, and R&D projects, further Planet benefits can be leveraged through each phase of product lifecycle, importantly within the customer’s usage phase.

This acquisition may be subject to regulatory approval and is subject to the satisfaction of customary closing conditions. After closing, CPS will become a wholly-owned subsidiary of Fenner Australia.

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