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St. Louis, MO: October 5, 2005) FKI Logistex® (www.fkilogistex.com), a global leader in integrated material handling solutions, announces the sale of its White Systems unit, according to Steve Ackerman, president, FKI Logistex North America. The sale is a management buyout in conjunction with Management Capital, LLC.
"As part of the global realignment of our products and markets, it became apparent that White Systems was no longer a part of our strategic core product set," says Ackerman. "To this end, we sought a way to help White Systems grow outside of FKI. Management Capital, LLC and White management answered the call. We will ensure support of existing systems, and will work together with the new White Systems team on behalf of FKI Logistex customers. This is simply another step as we focus on the further growth and globalization of FKI Logistex."
"White Systems will continue to provide industry-leading storage and retrieval solutions," says John Molloy, president and chief operating officer of the New White Systems, Inc. "We look forward to a productive and ongoing partnership with FKI Logistex."
About FKI Logistex
FKI Logistex® (www.fkilogistex.com) is a leading provider of automated material handling solutions, supplying its customers with an integrated set of leading-edge technologies in high-speed sortation, conveyor systems, carousels, palletizing, paperless pick products, AS/RS, controls, order fulfillment systems, RFID implementation, EDS integration, baggage handling systems, warehouse control systems, and total material handling automation.
Morrison Company
Morrison Company has been a consistent top distributor for FKI Logistex products. Based in suburban Cleveland, OH, Morrison Company distributes industrial material handling integrated solutions to manufacturing and distribution companies across the U.S.
Unique to Morrison Company is their expertise in design engineering and systems integration. Since 1929 Morrison Company has exceeded client expectations by designing and installing static and dynamic material handling systems.
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