U.S. Tsubaki acquires Central Conveyor for $140M

U.S. Tsubaki Holdings, Inc., a subsidiary of Tsubakimoto Chain Co., acquired Central Conveyor Company LLC from New State Capital Partners for approximately $140 million. The transaction closed on June 15, 2018.

“Central Conveyor has achieved tremendous growth by every measure over the last three and half years, expanding the business both organically and through acquisition.”prnewswire.com

• 1 source
• prnewswire.comNew State Capital Sells Central Conveyor to U.S. Tsubaki Holdings, Inc.New State Capital PartnersJun 18, 2018

Summarized from public sources; check the original articles before acting on it.