• TOPICS
    • Design
    • Manufacturing
    • Inspection
    • Heat Treating
    • Lubrication
    • Materials
    • The Gear Industry
    • Gears by Type
  • MAGAZINE
    • Current Issue
    • Departments
    • Archives
    • Subscribe
    • Advertise
  • NEWSLETTER
    • Subscribe
  • VIDEO
    • Gear Technology TV
      • Ask the Expert Live
      • Revolutions
    • Industry Videos
  • BLOGS
  • BUYER'S GUIDE
  • NEWS and EVENTS
    • Product News
    • Industry News
    • Events
  • ADVERTISING
    • Brand Awareness
      • Print: Display Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Newsletter Sponsored Content (Native Advertising)
    • Response & Lead Generation
      • Online: Sponsored Content (Native Advertising)
      • E-mail: Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: Custom, White Papers & Webinars
      • Online: Buyers Guide
    • Print Advertising
      • Print: Display Advertising
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • Print: Specifications
      • MPT Expo Show Guide Advertising
    • Online Advertising
      • Online: Web Banners & Keyword Banners
      • Online: Native Advertising (Sponsored Content)
      • Online: Buyers Guide
      • Online: Specifications
    • E-mail Advertising
      • E-mail: E-Newsletters
      • E-mail: Newsletter Sponsored Content (Native Advertising)
      • E-mail: AGMA Industry News
      • E-mail: Custom, White Papers & Webinars
      • E-mail: Specifications
    • Special Promotions
      • Print: MPT Expo Showstoppers
      • Print: Buyers Guide
      • Print: Manufacturing sMart
      • MPT Expo Show Guide Advertising
  • CONTACT US
  • AGMA
    • Membership
    • Events
    • Education
    • Emerging Technology
    • AGMA Media
    • Standards
Subscribe
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Home » Renold Divests Machine Tool Business

Renold Divests Machine Tool Business

January 3, 2007
Renold plc announced that, since its announcement on 23rd November 2006, it has agreed upon terms for the sale of certain assets and liabilities of the goup’s machine tools business to Venture Private Equity. The transaction was completed on December 6. The divestment of the machine tools business is in line with the Board’s strategy to focus on its core industrial power transmission operations and follows the disposal of the automotive business, which was announced last July. In addition, Renold has retained the right to a share of profits from any subsequent development of the Milnrow property. As of last September, the value of the gross assets of the Group’s Machine Tools business was 」5.2M. For the financial year ending March 31,2006, the operating loss of the Group’s Machine Tools business was 」0.1M.
Industry News
  • Related Articles

    Renold Discusses Sale of Machine Tool Business

    Northstar Aerospace Focuses on Record Backlog, Divests Non-Core Business

    Bourn & Koch Promotes Joe Goral to Business Unit Manager for Grinding Machine Tools

Free Gear Technology Subscriptions
Subscribe
Free Gear Technology Subscriptions
Subscribe
FEATURED VIDEO
  • Helios1
    Forest City Gear Taps Helios Gear for Custom Cutting Tools
January 18, 2023
RECOMMENDED
  • 2022 Gear Technology Buyer's Guide

    December 5, 2022
    gt1122-buyers-guide.jpg
  • Reigniting the Educational Infrastructure

    December 5, 2022
    gt1122_Page_20_Image_0001.jpg
  • Profile: Continuing Education and Training with the AGMA

    December 5, 2022
    gt1122_Page_26_Image_0001.jpg
  • Polished Up!

    February 13, 2023
    gt0123_Page_38_Image_0002.jpg
  • Remaining Competitive

    February 13, 2023
    gt0123_Page_42_Image_0001.jpg
  • Polished Up!

    February 13, 2023
    gt0123_Page_38_Image_0002.jpg
  • Remaining Competitive

    February 13, 2023
    gt0123_Page_42_Image_0001.jpg
  • 2022 Gear Technology Buyer's Guide

    December 5, 2022
    gt1122-buyers-guide.jpg
  • Subscribe
  • Advertise
  • Contribute
  • AGMA
Powered byAGMA
Copyright © 2023 Gear Technology
  • Privacy Policy
  • Contact