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Contract Wins and Joint Ventures

Fenner inks long-term supply deal

25 July 2017 07:30

Fenner - through its subsidiary Fenner Conveyor Belting (South Africa) (Pty) - has signed a long term agreement with Bearing Man Group (Pty) Ltd for BMG to distribute Fenner Conveyor Belting products in specified territories in sub-Saharan Africa.

Fenner said that as part of this arrangement, BMG was acquiring the ECS service operations and related assets in South Africa.

Fenner said its South African conveyor belt plant would supply BMG with conveyor belting for South Africa and the other specified territories.

Fenner chief executive Mark Abrahams said: "This is an exciting opportunity for both Fenner and BMG and further strengthens the long term relationship that exists between the companies.

"This transaction will enable both companies to harness their respective strengths and develop the sales opportunities in South Africa and the wider Sub-Saharan territories for conveyor belting using the well-respected, and well established branch and distributor network operated by BMG, one of the strongest operators in Africa."

Story provided by StockMarketWire.com

Related Company: FENR

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