Levine Leichtman to acquire material product division of FMC Technologies Levine Leichtman Capital Partners announced that it has entered into a definitive agreement to acquire the material handling products business of FMC Technologies. The new company will be named Syntron Material Handling. Upon the closing of the transaction, Syntron will be headquartered in Tupelo, Mississippi with operations in Changshu, China, Salt Lake City, Utah and sales personnel in Germany, Mexico, Singapore and Canada.
News For FTI From The Last 14 Days
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FMC Technologies downgraded to Market Perform from Outperform at FBR Capital FBR Capital downgraded FMC Technologies to Market Perform citing expectations for a reduction in the volume of subsea well starts. FBR lowered its price target for shares to $58 from $68.