|
|
Article: Consolidation concerns industry. (Industrial Belting Product Focus).(Brief Article)
- Article from:
- Industrial Distribution
- Article date:
- September 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Consolidation has swept through heavyweight industrial belting manufacturers in the last several years, just as it has in many other industries. The cost of maintaining independent organizations proved too great for many companies, and they sold out.
Goodyear Tire & Rubber Co. remains one of two major manufacturers of heavyweight industrial belting. The other is Fenner PLC, a United Kingdom-based company that has bought manufacturers at an unprecedented rate. Fenner purchased Unipoly Enerka/Unipoly SA last year, which includes Georgia Duck, and owns Scandura, Efson, Inc. and TBA Belting.
The situation with lightweight belting makers, while not as active, ...