has acquired and its wholly owned subsidiary Carlton Partners acted as exclusive financial adviser to Fenner plc February 2008

Fenner plc has acquired Prodesco Inc. for up to $65 million. Based in Pennsylvania, Prodesco is a specialist developer and manufacturer of engineered fabrics for the industrial and medical industries.

Founded in 1942, Prodesco designs, develops and manufactures highly specialised technical fabrics which are used in performance-critical and proprietary applications by industrial, aerospace and chemical equipment OEMs. Production processes employed include narrow weaving, circular weaving, warp knitting, circular knitting and braiding. Secant Medical, Prodesco’s wholly owned subsidiary, develops and manufactures specialised textile structures for the growing medical device market.

Fenner plc is a global leader in reinforced polymer technology. It is the number one producer of heavyweight conveyor belts in the world. In addition, it manufactures a range of specialised polymer products occupying leading positions in niche applications.

Carlton Partners originated the transaction and acted as the exclusive financial advisor to Fenner plc.

Carlton Partners has now successfully advised Fenner on two acquisitions in a little over 12 month.