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The move would ultimately free up industrial space at time when there is a severe lack of areas for businesses to expand in Lancaster County.
The company said the relocation better positions Fenner to accommodate ongoing growth of the business, while also offering enhanced comfort and cross-functional collaboration among employees.
Fenner Precision Polymers Inc. has acquired Pennsylvania firm Lumsden Corp., which will play a "critical" role in Fenner's growth and market share gains, the Michelin company says.
We're close, but we're not quite there yet. The world—rubber and tire industries included—is on the edge of normalcy, but pandemic pains persist. Diligence is key.
Fenner Precision Polymers has acquired Lumsden Corp. for an undisclosed price.