MPE Partners to acquire Renold for £187m.

MPE Partners, an investment firm, offered to acquire Renold, a manufacturer of industrial chains and related power transmission products, for £187m. "We are extremely excited about the opportunity to partner with Renold, which we view as highly complementary to Webster. We believe the combination represents a compelling opportunity to significantly enhance the combined capabilities and opportunities for both companies, bringing together recognized industry brands and creating one of the leading players within the premium industrial chain industry. Both companies share a deep commitment to product quality, engineering innovation and customer service and we look forward to collaborating closely with Renold's talented team to drive further growth and innovation, building on the strong foundation they have established," Constantine Elefter, MPE Partner.