Webster CEO Announces New Acquisition

TIFFIN, Ohio - I am delighted to announce a significant development for our organization: as of today, Webster Industries has officially acquired Renold.

This acquisition represents a pivotal milestone - uniting two strong and respected brands and marking an important step forward in our continued growth as a global leader in automation, material handling, and power transmission solutions.

Renold is an ideal complement to Webster's capabilities. This acquisition enhances our platform in the industrial chain and power transmission industry, expanding our product portfolio, diversifying our end markets, and broadening our geographic reach to better serve customers around the world.

Together, we look forward to the opportunities ahead.

Simon Newman: CEO, Webster Industries and Renold