# 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.

- Type: Acquisition
- Announced: 2018-12-10
- Where: United States
- Value: $179.0M
- Status: announced
- Products: material handling equipment and systems, conveying and vibratory equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Kadant](https://endata.com/companies/7374.md) (acquirer)
- [Syntron Material Handling Group](https://endata.com/companies/36010.md) (target)
- [Levine Leichtman Capital Partners](https://endata.com/companies/36011.md) (partner)

## Sources

- [kadantinc.gcs-web.com](https://kadantinc.gcs-web.com/news-releases/news-release-details/kadant-acquire-syntron-material-handling), 2018-12-10: "Our acquisition of Syntron provides Kadant with premier products and services that extend our footprint into new process industries."
- [drybulkmagazine.com](https://www.drybulkmagazine.com/dry-bulk/11122018/kadant-enters-into-definitive-agreement-to-acquire-syntron-material-handling/), 2018-12-11: "Kadant Inc. has entered into a definitive agreement to acquire Syntron Material Handling Group, LLC (SMH) from entities affiliated with Levine Leichtman Capital Partners."
- [forkliftaction.com](http://forkliftaction.com/newsletter/archive/0902.htm), 2018-12-13: "Kadant Inc. has entered into a definitive agreement to acquire Syntron Material Handling Group."

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