Tupelo, Miss. (WCBI) – A Tupelo plant has been sold to a Los Angeles-based investment firm.
FMC Technologies is selling its material handling products business to Levine Leichtman Capital Partners.
LL-CP will rename the business Syntron Material Handling and will maintain its headquarters at the facility located on Highway 145 between Saltillo and Tupelo.
FMC has a long history of providing bulk material handling solutions to industries worldwide.
LL-CP manages about 7 billion dollars of institutional investment capital through private equality partnership, various debt and leveraged loan funds.
The deal is expected to be completed by June.