TUEPLO, Miss. (WCBI) – A Tupelo plant has been sold to Los Angeles-based investment firm.
FMC Technologies is selling its material handling products business to Levine Leichtman Capital Partners. LLCP will rename the business Syntron Material Handling and will hold 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. LLCP manages about $7 billion of institutional investment capital through private equality partnership, various debt and leveraged loan funds.
The deal is expected to be completed by June.