Under the terms of the agreement, Illinois-based Flexco will be the exclusive distributor for MLT's products in the US as well as Mexico and Canada. MLT will continue to manufacture its products for North America as Flexco integrates the MLT North America business into its organisation.

France-headquartered MLT sells its conveyor belt fasteners, splices and related services in 120 countries.

MLT has three factories in France, six subsidiaries and two research and development centres, while Flexco's facilities outside the US are located in Australia, Chile, China, United Kingdom, Germany, India, Mexico, Singapore and South Africa.