# FLSmidth sells bulk material handling business to Rainbow Heavy Machineries

FLSmidth has agreed to sell its non-mining bulk material handling business to Rainbow Heavy Machineries. The transaction includes transfer of employees, brand and IPR, with FLSmidth retaining ongoing projects to be delivered through an operational agreement.

- Type: Acquisition
- Announced: 2019-01-09
- Where: Wadgassen, Germany, Germany
- Status: announced
- Products: bulk material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [FLSmidth](https://endata.com/companies/4673.md) (partner)
- [Rainbow Heavy Machineries](https://endata.com/companies/36574.md) (acquirer)

## Sources

- [fls.com](https://fls.com/en/announcements/2019/flsmidth-exits-bulk-material-handling-business-), 2019-01-09: "FLSmidth has reached an agreement to sell its bulk material handling business to Rainbow Heavy Machineries."

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