Renold reports record trading ahead of recommended takeover
9th Jul 2025 10:48
(Sharecast News) - Renold reported record trading for the year ended 31 March on Wednesday, with earnings and revenue rising on strong demand, strategic acquisitions and disciplined pricing.
Read moreRenold reports soft demand ahead of its takeover by MPE
7th Jul 2025 09:01
(Sharecast News) - Renold has published the scheme document on Monday for its recommended cash acquisition by MPE Bid Co, a newly formed entity controlled by funds managed by MPE Management, ahead of shareholder meetings to approve the deal on 28 July.
Read moreRenold buys Italian chain maker Ognibene for EUR 10m
25th Jun 2025 12:36
(Sharecast News) - Renold announced the acquisition of Italian transmission chain manufacturer Ognibene for €10m in cash on Wednesday, expanding its presence in the Italian and wider southern European markets.
Read moreBuckthorn Partners, One Equity abandon pursuit of Renold
18th Jun 2025 14:54
(Sharecast News) - A consortium of private equity firms Buckthorn Partners and One Equity said on Wednesday that they were not planning to make a firm offer for AIM-listed industrial chain maker Renold.
Read moreRenold agrees to £187m takeover from Webster Industries
13th Jun 2025 08:00
(Sharecast News) - Industrial chain manufacturer Renold has reached an agreement regarding a £187m takeover from private equity firm Morgenthaler Private Equity, causing shares to surge on Friday.
Read moreRenold reports steady first-half performance
20th Nov 2024 09:25
(Sharecast News) - Industrial chain and power transmission specialist Renold reported a steady performance for the six months ended 30 September on Wednesday, with revenue up 0.6% at constant exchange rates to £123.4m.
Read moreRenold trades in line YTD, acquires MAC Chain Company
10th Sep 2024 08:03
(Sharecast News) - Industrial chains supplier Renold said on Tuesday trading was in line with internal expectations year-to-date, with revenues falling slightly as a result of adverse foreign exchange movements.
Read moreRenold renews partnership with British Cycling
17th May 2024 08:32
(Sharecast News) - Renold said on Friday that it has renewed its partnership with British Cycling for a further three years.
Read moreRenold wins £10.6m contract with Royal Canadian Navy
1st May 2024 11:56
(Sharecast News) - Industrial chains and power transmission products supplier Renold has secured a contract to manufacture flexible couplings for Batch 1 of the Canadian Surface Combatant ships for the Royal Canadian Navy, worth £10.6m.
Read moreRenold FY results seen 'materially ahead' of market expectations
15th Apr 2024 10:32
(Sharecast News) - Industrial chains manufacturer Renold said on Monday that its full-year results would now be "materially ahead" of current market expectations as "strong" first-half momentum continued throughout H2.
Read moreRenold posts strong first-quarter performance
5th Sep 2023 07:42
(Sharecast News) - Renold reported strong financial performance in the first quarter in a trading update on Tuesday.
Read moreRenold snaps up Australian chain maker Davidson for £3.1m
1st Sep 2023 08:21
(Sharecast News) - Renold, the AIM-listed supplier of industrial chains, has announced it is spending AU$6m (£3.1m) to buy Melbourne-based high-quality conveyor chain (CVC) maker Davidson Chain.
Read moreRenold reports strong growth as net debt widens
12th Jul 2023 08:55
(Sharecast News) - Industrial chains and transmission products supplier Renold reported significant growth in its final results on Wednesday, with revenue jumping 26.6% to £247.1m.
Read moreRenold FY profits seen 'materially ahead' of upwardly revised expectations
17th Apr 2023 08:02
(Sharecast News) - Industrial chains supplier Renold said on Monday that the "strong momentum" in its performance experienced in the first nine months of the year had continued through the final quarter and said it now sees full-year profits coming in ahead of previous guidance.
Read moreRenold sees FY profits ahead of market expectations
8th Feb 2023 08:17
(Sharecast News) - Renold said on Wednesday that full-year profits were set to be ahead of current market expectations following strong trading since the interim results in November.
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