- Business
- Renold plc Renold plc manufactures high-precision engineered power transmission products, including industrial chains such as transmission chains, conveyor chains and inverted tooth chains; gearboxes, loose precision gears and gear spindles; couplings encompassing flexible couplings, pin and buffer couplings, chain couplings, hydraulic couplings, sprag clutches and freewheel clutches; and related accessories like sprockets and condition monitoring systems. The company serves diverse sectors worldwide, including power generation, oil and gas, food and beverage, mining, cement, forestry, transportation, steel, manufacturing, marine equipment and material handling applications, with products used in conveyors, cranes, rolling mills, elevators, power stations, escalators and quarries. Founded in 1879 by Hans Renold in Manchester, United Kingdom, where it maintains its headquarters at Trident 2, Trident Business Park, Styal Road, Wythenshawe, the company operates manufacturing and sales facilities in over 20 countries across Europe, North America, Asia, Australia and other regions, employing approximately 2,500 people globally. In 2024, Renold plc acquired MAC Chain Company Ltd in the USA and Industria YUK SA in Spain to expand its product portfolio and manufacturing footprint; most recently, in November 2025, Webster Industries, a portfolio company of MPE Partners, completed the acquisition of Renold plc in a cash transaction valued at an enterprise value of $254 million, creating a combined global platform enhancing capabilities in industrial chain, torque transmission and material handling with new leadership under CEO Simon Newman and CFO Adrian Murphy.