# Stellex Capital acquires Komatsu's U.S. and Australia conveying businesses

Stellex Capital Management completed its acquisition of the U.S. and Australia-based conveying business units from Komatsu Mining Corp. The acquired businesses formed a new standalone organization called Continental Global Material Handling. Financial terms were not disclosed.

- Type: Acquisition
- Announced: 2021-06-14
- Where: United States
- Status: completed
- Products: conveyor systems, conveyor components
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

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

## Sources

- [miningconnection.com](https://miningconnection.com/surface/news/article/stellex_acquires_komatsus_u.s._and_australia_based_conveying_businesses), 2021-06-14: "Stellex Capital Management has completed its acquisition of the U.S. and Australia-based conveying business units from Komatsu Mining Corp. by certain of its affiliates."

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