(St. Louis, MO: October 5, 2005) FKI Logistex®, 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 LogistexFKI Logistex® (www.fkilogistex.com) is a leading global 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. With projects that include many of the world's largest and most advanced material handling operations, FKI Logistex has manufacturing, engineering and support facilities around the world. For more information on FKI Logistex, click here to visit the FKI Logistex media center. For general sales information, contact FKI Logistex by phone at +1.877.935.4564 in North America, +44 (0) 8706 060120 in Europe, or +86 21 38820229 in Asia. Contact FKI Logistex by e-mail at [email protected].
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