Fenner buys Tasmanian company

Conveyor belt maker Fenner has bought a belting privately owned company in Tasmania. Fenner is buying Statewide, a privately owned company based in Burnie, Tasmania, with gross assets of A$3.95m (£2.63m) as of the end of June 2010. Statewide specialises in the provision of belting products, accessories and installation services to the mining and manufacturing industries in Tasmania.