# Komatsu to sell US and Australian conveying businesses to Stellex Capital

Komatsu signed an agreement to sell its US and Australian-based conveying businesses to Stellex Capital, including stock of Joy Global Conveyors Inc. and assets in Winfield, AL and Somersby, NSW. The new entity will be called Continental Global Material Handling LLC.

- Type: Acquisition
- Announced: 2021-03-11
- Where: Winfield, Alabama; Somersby, New South Wales, United States
- Status: announced
- Products: conveying equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Komatsu](https://endata.com/companies/15845.md)
- [Komatsu Mining Corp.](https://endata.com/companies/19092.md)
- [Continental Global Material Handling](https://endata.com/companies/34734.md)
- [Stellex Capital Management](https://endata.com/companies/5668.md) (acquirer)
- [Komatsu](https://endata.com/companies/15845.md) (target)
- [Komatsu Mining Corp.](https://endata.com/companies/19092.md) (target)
- [Continental Global Material Handling](https://endata.com/companies/34734.md) (partner)
- [Stellex Capital](https://endata.com/companies/53768.md) (acquirer)
- [Joy Global Conveyors](https://endata.com/companies/54184.md) (target)

## Sources

- [komatsu.com](https://www.komatsu.com/en-us/newsroom/2021/2021-03-11-komatsu-announces--agreement-to-sell-us-and-australian-based-conveying-businesses), 2021-03-11: "Komatsu has signed an agreement to sell those business units to Stellex Capital, an investment company focused on middle-market companies with improvement and growth potential."
- [im-mining.com](https://im-mining.com/2021/03/30/komatsu-mining-process-selling-joy-global-mining-conveyor-goodman-hewitt-idler-businesses-venture-capital-company-stellex/), 2021-03-30: "Komatsu has signed an agreement to sell those business units to Stellex Capital, an investment company focused on middle-market companies with improvement and growth potential."
- [businesswire.com](https://www.businesswire.com/news/home/20210331005879/en/Stellex-Capital-Management-Acquires-Komatsus-US--and-Australia-Based-Conveying-Businesses), 2021-03-31: "We are thrilled about the opportunity to acquire the legacy Continental business."
- [pehub.com](https://www.pehub.com/stellex-acquires-komatsus-u-s-and-australia-based-conveying-business-units/), 2021-03-31: "Stellex Capital Management has acquired Komatsu's U.S. and Australia-based conveying business units."
- [thefreelibrary.com](https://www.thefreelibrary.com/Stellex+Capital+Management+Acquires+Komatsu%27s+Conveying+Businesses+to...-a0657039988), 2021-04-01: "Stellex Capital Management has acquired US- and Australia-based conveying business units from Komatsu Mining Corp."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.