Transactions

the assets of Fenner Industrial Controls a division of Fenner America, Inc. a subsidiary of J.H. Fenner (Holdings) plc have been acquired by Management MERTZ ASSOCIATES acted as advisor to J.H. Fenner plc in preparing offering materials, evaluating proposals and participating in negotiations with the management groups.

• FENNER INDUSTRIAL CONTROLS, Maple Grove, Minnesota, is a manufacturer of precision digital control systems for variable speed drives. Applications include web loop control, bucket/cartoner synchronizing and form/fill/seal packaging.
   
• FENNER AMERICA, INC., is the wholly owned U.S. subsidiary of J.H. FENNER (HOLDINGS) PLC.
   
• J.H. FENNER (HOLDINGS) PLC, is a U.K. company traded on the stock exchange. Markets served include power transmission, conveyor belting, fluid power, special belting and mining. Sales are worldwide.