# 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.

- Type: Acquisition
- Announced: 2018-06-18
- Where: Wixom, MI, United States
- Value: $140.0M
- Status: completed
- Products: conveyor systems, conveyor system integration, custom conveyor design, controls automation
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Tsubakimoto Chain Co](https://endata.com/companies/31490.md) (acquirer)
- [U.S. Tsubaki Holdings](https://endata.com/companies/31491.md) (acquirer)
- [Central Conveyor Company](https://endata.com/companies/31492.md) (target)
- [New State Capital Partners](https://endata.com/companies/32638.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/new-state-capital-sells-central-conveyor-to-us-tsubaki-holdings-inc-300667538.html), 2018-06-18: "Central Conveyor has achieved tremendous growth by every measure over the last three and half years, expanding the business both organically and through acquisition."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.