FKI Logistex, which has supplied material handling systems to a number of U.S. newspapers including The Courier-Journal in Louisville, Ky., agreed to be purchased by Cincinnati-based Intelligrated, the firms said last week.
No financial terms were disclosed.
Under terms of the definitive agreement, Intelligrated will acquire the FKI Logistex operations in North and South America from Melrose plc, a U.K.-based investment group.
The company said it will continue to support Alvey palletizers and other products now in operation.
Monday, June 1, 2009
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