Renold completed the acquisition of Industrias YUK for €24m.

Renold, an engineering company, completed the acquisition of Industrias YUK, a manufacturer and distributor of conveyor chain and ancillary products, for €24m. "We are delighted that YUK is to join the Renold Group and that not only are we buying an excellent business, but also retaining the services of a very talented group of managers and employees. The acquisition of YUK considerably expands and strengthens our European Conveyor Chain offering, while also allowing us to grow within the Iberian market. YUK has a long-established track record of manufacturing and supplying high quality chain products which fit well with our own premium product offering. The acquisition is expected to be earnings enhancing from year one and gives rise to considerable business synergies. We are delighted to welcome the YUK team as part of the Renold family of companies," Robert Purcell, Renold CEO.