Kadant Inc. completes acquisition of Syntron Material Handling Group, LLC and certain of its affiliates, a leading provider of material handling equipment and systems to various process industries, from entities affiliated with Levine Leichtman Capital Partners for approximately $179 million, subject to certain customary adjustments.
Kadant Inc. completes acquisition
ofSyntron Material Handling Group,
LLCand certain of its affiliates (“Syntron”), a leading provider of
material handling equipment and systems to various process industries, from
entities affiliated withLevine
Leichtman Capital Partnersfor approximately$179
million, subject to certain customary adjustments. The transaction was
financed through borrowings under the Company’s revolving credit facility.
Syntron is based inTupelo, Mississippiwith approximately 250 employees worldwide and revenue of
approximately$89 millionfor
the trailing twelve months endedOctober 31, 2018.
Kadant Inc.is a global
supplier of high-value, critical components and engineered systems used in
process industries worldwide.
