Continental Global Material Handling

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.

Stellex Capital Management completed the acquisition of Komatsu Mining Corp.'s US- and Australia-based conveying business units, forming Continental Global Material Handling LLC. The acquisition was announced on March 31, 2021.

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.

Precision Pulley and Idler (PPI) announced an agreement to acquire Continental Global Material Handling, bringing together two leading brands in the industry.