Levine Leichtman To Buy Material Handling Products Division Of FMC Technologies

(RTTNews) - Levine Leichtman Capital Partners said Monday that it has agreed to buy the material handling products business of FMC Technologies, Inc. (FTI).

The new company will be named Syntron Material Handling, LLC, and will be headquartered in Tupelo, Mississippi with operations in Changshu, China, Salt Lake City, Utah and sales personnel in Germany, Mexico, Singapore and Canada.

The business is a manufacturer of a diversified product line of conveyor and vibratory equipment used to load, transport and feed bulk materials. The products are sold to customers throughout the world in the mining, aggregates, packaging and food industries.