Kadant to acquire Syntron Material Handling for $179M

Kadant Inc. has entered into a definitive agreement to acquire Syntron Material Handling Group from Levine Leichtman Capital Partners for approximately $179 million in cash. The acquisition is expected to close in January 2019.

“Our acquisition of Syntron provides Kadant with premier products and services that extend our footprint into new process industries.”kadantinc.gcs-web.com

• 3 sources
• kadantinc.gcs-web.comKadant Inc. - Kadant to Acquire Syntron Material HandlingDec 10, 2018
• drybulkmagazine.comKadant enters into definitive agreement to acquire Syntron Material Handling | Dry BulkStephanie RokerDec 11, 2018
• forkliftaction.comForkliftaction News edition no. #902 from 13 Dec 2018 - email versionDec 13, 2018

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