Laatzen, 17.11.2015 | Company information
In 2016, the tooth chain business of the pneumatic specialists from Aventics is changing ownership to Renold plc. With the globally operating Renold plc Aventics has found the perfect buyer: Renold (RNO:LSE) is a global market leader for industrial chain manufacturing and listed on the London Stock Exchange.
Due to their business focus, the new owning company will be able to offer the Gronau plant better development opportunities. Aventics will focus on its core business, pneumatics.
The tooth chain product division always occupied a special position within Aventics and was relatively autonomous at its own location. The Gronau based product division has a solid financial basis and is a leader in its segment. With Renold plc at their side, the tooth chain business from Aventics will be able to develop their competencies even further and enter new markets. Renold plc plans to integrate the division as an additional business unit to complement their existing product portfolio. All employment contracts will be honoured.
The tooth chain business from Aventics was originally founded in 1908. Renold plc enjoys a long history with over 150 years of chain manufacturing experience. The international chain specialist has manufacturing and sales sites in 23 countries, including Einbeck, Germany, approximately 40 kilometres away from the Gronau plant. Like Aventics, Renold plc employs approx. 2,200 employees.