The sale of Fenner PLC to Michelin has been finalised following the deal’s approval by shareholders and relevant legal bodies earlier this month. Following delivery of the scheme of arrangement (under Part 26 of the United Kingdom’s Companies Act 2006) to the Registrar of Companies today, Fenner has become a wholly-owned subsidiary of Michelin. John Pratt, chief financial officer of Fenner, has been appointed Fenner’s new chief executive officer.