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Renold is to relocate its Manchester-based engineering office to a 10,000 sq ft unit at the Trident business park.
Renold is looking to recruit an unspecified number of former engineers at its Manchester-based chains, gears and couplings business.
Renold is to acquire a 75% stake in LG Balakrishnan, the Indian chain manufacturer, for £5m.
Renold is to acquire a 90% stake in the industrial chains manufacturing business of HangZhou ShanShui in China for £2m, including a workforce of more than 400.
Renold is acquiring Jeffrey Chain, the US manufacturer of industrial chains, for £34m.
Renold is to acquire Jones & Shipman, the abrasive machine tools company, for £5m.
Renold has acquired Holset Engineering, the coupling maker, from Cummins UK for £3.5m.