# Precision Pulley & Idler acquires Continental Global Material Handling

Precision Pulley & Idler (PPI) acquired Continental Global Material Handling, a bulk material handling manufacturer based in Winfield, Alabama.

- Type: Acquisition
- Announced: 2024-06-11
- Where: Winfield, Alabama, United States
- Status: completed
- Products: bulk material handling equipment
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [Stellex Capital Management](https://endata.com/companies/5668.md) (investor)
- [Stellex Capital Management](https://endata.com/companies/5668.md) (partner)
- [Precision Pulley and Idler](https://endata.com/companies/19396.md) (acquirer)
- [Continental Global Material Handling](https://endata.com/companies/34734.md) (target)

## Sources

- [portableplants.com](https://portableplants.com/ppi-acquires-continental-global-material-handling/), 2024-06-11: "Precision Pulley & Idler (PPI) acquired Continental Global Material Handling, a bulk material handling manufacturer based in Winfield, Alabama."
- [bulkhandlingreview.com.au](https://www.bulkhandlingreview.com.au/ppi-announces-continental-global-material-handling-acquisition/), 2024-06-13: "We couldn't be more excited to welcome the Continental management team and employees into our growing company."
- [businesswire.com](https://www.businesswire.com/news/home/20240625987342/en/Stellex-Capital-Management-Completes-Sale-of-Continental-Global-Material-Handling-to-Precision-Pulley-Idler), 2024-06-25: "Stellex Capital Management announced that it has completed the sale of Continental Global Material Handling to Precision Pulley & Idler."
- [peprofessional.com](https://peprofessional.com/2024/07/stellex-capital-management-completes-sale-of-continental-global-material-handling-to-precision-pulley-idler/), 2024-07-02: "We are truly grateful for the partnership with Rich, Mark, and the exceptionally talented team at CGMH."
- [e-mj.com](https://www.e-mj.com/departments/suppliers-report/ppi-acquires-continental-global-material-handling/), 2024-07-15: "We believe the two businesses are stronger together than apart."

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