Stevenson & Company completes the sale of the Parts Handling Division of FMC
Action: Business Sold
Industry: Parts Handling Automation – Vibratory Bowl Feeders
Stevenson & Company recently completed the sale of the Syntron® Parts Handling Division of FMC Technologies in a management buyout. Our client is a $4 billion public corporation that looks to Stevenson for divestiture of its small non-core businesses. This marks the fourth business that Stevenson & Company has helped sell for FMC in the past two years.
The Parts Handling Business of FMC manufacturers the Syntron® brand of parts automation equipment. Its products include vibratory and rotary bowl feeders that move product from the bulk stage, singulate it for positive orientation, and efficiently present and position it for further processing. It sells to a wide variety of industries including pharmaceutical, food, electronics, automotive, consumer products, etc.
Stevenson targeted thirty strategic buyers in this engagement. It received a number of offers and ultimately decided to sell the business in a management buyout.
Both FMC and the new owners are extremely pleased with the transaction. All of the employees have been retained and the business continues to operate out of the same plant location.
Stevenson served as an excellent trusted advisor throughout. They provided me with precisely what I needed – an aggressive go-to-market approach, the guidance to present Aerostar’s story and future strategy, and the drive to get it successfully closed! And this is what retirement looks like!