Breaking News: Intelligrated Buys FKI Logistex Americas

May 28, 2009
CINCINNATI—Automated material handling systems provider Intelligrated announced plans to purchase the FKI Logistex operations in North and South America from Melrose plc, a U.K.-based specialist manufacturing investment group.

The new Intelligrated will manufacture and support Crisplant-brand loop sorters, Alvey-brand palletizers, real-time solution fulfillment systems as well as other products and services traditionally offered by both Intelligrated and FKI Logistex.

"This exciting agreement brings together the talent and innovation of two market-leading companies that offer complementary material handling solutions and a shared focus on customer relationships," says Christopher C. Cole, chief executive officer and co-founder of Intelligrated.

"We believe that this combination creates strong opportunities for both our customers and our associates, as we offer broader solutions to better serve our valued clients, which will further accelerate our growth and development of innovative products," adds James R. McCarthy, president, chief operating officer and co-founder of Intelligrated.

Intelligrated’s headquarters will remain in Cincinnati, and the company will have sales offices and operations in 10 states as well as in Canada and Mexico. The company has manufacturing plants in Ohio, Missouri and Kentucky and systems operations in California and Maryland.

"This agreement signals a new era for us all, bringing together our respective resources, technologies and expertise, becoming the leading single-point provider of automated material handling solutions," says Stephen Ackerman, president of FKI Logistex. Ackerman will serve in a senior leadership role in the new company. "Importantly, our customers will remain our top priority as we seek to execute a seamless transition."