Gryphon and Portfolio Company News

Intelligrated Completes Acquisition of FKI Logistex

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 the FKI Logistex heritage brands, including Crisplant loop sorters, Alvey palletizers and Real Time Solutions 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 or

About Intelligrated

Intelligrated® ( is an American-owned supplier of integrated material handling systems that provides logistics solutions throughout the supply chain with services and products primarily serving the warehousing and distribution sector. The world-class equipment we produce demonstrates our ability in high-speed case sortation, accumulation, merging and controls technology, all supported by 24×7 Customer Service and Sales.

About FKI Logistex

FKI Logistex® ( 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, 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. FKI Logistex provides material handling solutions for airports, postal facilities, parcel distribution, manufacturing operations, library automation, and for warehouse and distribution facilities.