Kadant buys Syntron Material Handling

Westford, MA-based Kadant Inc. has bought Syntron Material Handling Group, LLC and certain of its affiliates from entities affiliated with Levine Leichtman Capital Partners (LLCP — a Los Angeles, CA-based private investment firm). Syntron provides material handling equipment and systems to various process industries. The $179-million transaction was financed through borrowings under Kadant’s revolving credit facility.

Jonathan Painter, president and chief executive officer of Kadant said, “Syntron not only extends our breadth of premier offerings to process industries, but also gives us access to new industries that offer potential avenues for growth.”

Syntron, based in Tupelo, MS, has some 250 employees worldwide and revenue of about $89 million for the trailing 12 months ended October 31, 2018. Its products include conveying and vibratory equipment made at Tupelo and Changshu, China. Brands include Link-Belt® and Syntron®. Its markets include pulp and paper, packaging, mining, aggregates and food processing.

www.kadant.com

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