Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has completed a previously announced acquisition of the products division of the material handling business of FMC Technologies. The new company will be named Syntron Material Handling.
Headquartered in Tupelo, Mississippi with operations in Changshu, China and Salt Lake City, Utah, Syntron is a leading manufacturer of a diversified product line of conveyor and vibratory equipment used to load, transport and feed bulk materials. Its products are sold to customers throughout the world in the mining industry.