PRESS RELEASE: Miles Fuller, CEO of Nepean, said: “We are delighted about completing the acquisition which is a great fit with the organisation’s existing conveyor businesses. Nepean now owns significant businesses in Europe, Scandinavia, North America, Brazil and Western Australia in addition to our existing operations throughout Australia and Africa. We will also gain a broad range of advanced technology, leading products, and associated IP.”
The businesses will be branded Prok, Gurtec and Roxon in their respective markets. Fuller commented: “The conveyor business is core to Nepean. Since 1985, our growth and success has been due to our customer focus, local support capability, passionate employees, leading engineering, and empowered managers with the authority to get things done. Nepean’s conveyor expertise in Australia includes fully-integrated bulk materials handling solutions from the mine to the train or truckload station.
“Putting the needs of customers first is part of Nepean’s DNA. We can only prosper if our customers are successful and we are deeply committed to this responsibility. Our relentless drive to deliver for our clients will ensure customers benefit quick responses, reduced lead times, access to the industry’s leading technical experts, and quality conveyor components for aftermarket and major projects in any location globally.”
Nepean is already the largest manufacturer of pulleys and idlers in Australia. With the acquisition of Sandvik Conveyor Components, the combined capacity will position Nepean as one of the largest specialists in conveyor components globally; capable of producing many thousands of large engineered pulleys and millions of conveyor rollers annually to service customers in 66 countries.
“Our service offering and the wider suite of products positions Nepean as the number one choice for quality conveyor components,” added Fuller. “This is a major milestone and credit to the Nepean team. Our passionate employees, technical strength, lean overheads, vertically-integrated capabilities and the respect we have earned from the industry over 43 years has positioned us for this exciting growth opportunity. Our investment in Sandvik’s conveyor businesses, and more importantly Sandvik’s customers and employees, is a further commitment to an industry we know well. It is a key step in Nepean’s journey to be the global leader in innovative conveyor components.”