FMC sells material handling unit

Turkana Oil21 March 2014, News Wires – FMC Technologies has agreed to sell its material handling business to the private-equity backed Syntron Material Handling.

The contractor did not disclose a purchase price for the transaction to the affiliate of Levine Leichtman Capital Partners Private Capital Solutions.

The Tupelo, Mississippi-based business has operations in China and Salt Lake City, with offices in Germany, Mexico, Singapore and Canada and manufactures conveyor and vibratory equipment.

“FMC Technologies will retain its engineering, procurement, and construction (EPC) systems business supplying material handling systems and equipment to various industries around the world,” the engineering company said.


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