LONDON: Renold PLC has agreed to a recommended cash acquisition by MPE Bid Co, a newly formed entity controlled by funds managed by MPE Management Co. The deal, valued at approximately £186.7 million on a fully diluted basis, will be conducted through a Scheme of Arrangement under Part 26 of the Companies Act 2006. Under the terms…
LONDON: Renold plc, a leading international supplier of industrial chains and related power transmission products, has acquired the trade and net assets of MAC Chain Company Ltd (U.S.) and the entire issued share capital of MAC Chain Company Limited (Canada), for a total cash consideration of US$31.4 million. MAC Chain is being acquired on a…
LONDON, UK: Renold Plc, a leading international supplier of industrial chains and related power transmission products, has acquired the trading assets of Davidson Chain PTY (Davidson) for a total cash consideration of AU$6 million. Davidson was acquired on a cash free, debt free basis, for a total cash consideration of AU$6 million. The acquisition consideration…