Precision Pulley & Idler Acquires Continental Global Material Handling
June 25, 2024
Precision Pulley & Idler (PPI) has acquired Continental Global Material Handling (CGMH) from Stellex Capital Management. CGMH, a Winfield, Alabama-based designer and manufacturer of bulk material handling conveyor systems, was grown under Stellex ownership and will join PPI's conveyor components platform to expand its capabilities and product offering.
- Buyers
- Precision Pulley & Idler (PPI)
- Targets
- Continental Global Material Handling (CGMH)
- Sellers
- Stellex Capital Management
- Industry
- Manufacturing
- Location
- Alabama, United States
- Transaction Type
- Buyout
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