What Fenner’s acquisition of Lumsden Corp. means

By |  December 20, 2021

Fenner Precision Polymers logo

Fenner Precision Polymers, a Michelin Group company, acquired Lumsden Corp. earlier this year.

Lumsden Corp. has three major brands: Hoyt Wire Cloth, Wiremation Conveyor Belting and Flexx Flow. Hoyt Wire Cloth is largely used in crushed stone, sand and gravel, concrete and asphalt, coal, and recycling applications.

With the acquisition, all product brands are retained and rolled up under the Fenner Precision Polymers portfolio of belting and component solutions.

“Strong potential growth, market share gains and an opportunity to expand into new belting markets are all compelling reasons why Lumsden Corp. will play a critical role in our strategy,” says Jack Krecek, divisional managing director of 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, [Pennsylvania], institution, with a presence here of more than 45 years.”

The acquisition of the three brands advances Fenner Precision Polymers’ growth strategy and business objectives, which support Michelin’s growth objectives in markets beyond tires.

“Without question or reservation, this partnership is just the move we envisioned to take our business to the next level,” says Glenn Farrell, CEO of Lumsden Corp. “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.”

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About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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