Material Handling Network

Sign Up for Network's eNewsletter & Digital Edition

*  Your Email Address:  

subscribe

Product / Dealer / Manufacturer Search

Loading MHN Dealer Search
Browse Dealers by Category
eNet Classifieds Industry Chatter Material Handling Network Featured Products
View Printer Friendly

Intelligrated Completes Acquisition of FKI Logistex

Tuesday, June 23, 2009

CINCINNATI, OH — Intelligrated Inc., a leading American–owned supplier of integrated material handling systems, announced today that it successfully completed the purchase of FKI Logistex operations located in North and South America from Melrose plc (LSE: MRO), a UK–based specialist manufacturing investment group. The strategic combination was definitively signed on May 28 and was made final on June 19.

The company also announced that Steve Ackerman, former president of FKI Logistex North America, has been appointed executive vice president. Ackerman has over 28 years of experience in the automated material handling industry and has held an executive management role for FKI Logistex or one of its companies for over a decade.

Throughout the transition, customers will remain the top priority. The combined company will continue to manufacture and support FKI Logistex products, including loop sorters, palletizers and fulfillment systems, as well as other products and services traditionally offered by both Intelligrated and FKI Logistex.

Intelligrated will be headquartered in Cincinnati with key systems operations in California and Maryland and manufacturing plants in Ohio, Missouri and Kentucky. The company will also maintain sales and operations offices in 10 states in addition to a sizeable presence in Canada and Mexico.

Intelligrated is privately owned by Gryphon Investors, its majority shareholder, Tudor Ventures and Management.

For more information about this announcement, please visit www.intelligrated.com or www.fkilogistex.com.

View all Industry News

Home  |  Subscribe Now  |  Industry News  |  Business Profiles  |  Product Previews  |  Featured Columns
Advertising  |  Media Planner  |  Current Digital Magazine  |  2014 Digital Directory  |  Contact Us

Privacy Policy  |  Site Map

Web Design and Web Development by the OIC Group

Copyright 2014 © Material Handling Network • 217 Loren Street, Washington, IL 61571
Tel: 309-699-4431 • Toll Free: 800-447-6901 • Fax: 309-698-0801
A WoodwardBizMedia Publication