Kadant entered into an agreement to acquire Syntron Material Handling Group from entities affiliated with Levine Leichtman Capital Partners. The acquisition is expected to close in January 2019.
Syntron is a provider of material handling equipment and systems to various process industries, including aggregate. The company manufactures conveying and vibratory equipment at its facilities in Tupelo, Mississippi, and China under the Link-Belt and Syntron brands.
“Syntron and Kadant both offer market-leading products and technologies that deliver exceptional value to their customers,” says Andy Blanchard, president and CEO of Syntron Material Handling. “We are excited to be joining Kadant and we believe there are numerous opportunities to leverage both companies’ competitive advantages.”
Syntron’s executive team will remain with the business.
“Our acquisition of Syntron provides Kadant with premier products and services that extend our footprint into new process industries,” says Jonathan Painter, president and CEO of Kadant.
