Fenner buys Aussie seal maker

FTSE 250-listed engineering firm Fenner has bought Transeals, an Australian manufacturer of sealant. Fenner will acquire A$5.6m (£3.6m) of assets through its wholly owned subsidiary Hallite Seals Australia, in a deal expected to be completed early next year. Nicholas Hobson, chief executive, said: “ It improves our coverage, expands our product offering and strengthens Hallite's position.”