Stellex Capital Management Completes Sale of Continental Global Material Handling to Precision Pulley & Idler [Yahoo! Finance]
Houlihan Lokey, Inc. Class A (HLI)
Last houlihan lokey, inc. class a earnings: 2/3 04:15 pm
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Source: Yahoo! Finance
America and Europe, announced that it has completed the sale of Continental Global Material Handling ("CGMH" or the "Company") to Precision Pulley & Idler ("PPI"). CGMH, based in Winfield, Alabama, is a leading designer and manufacturer of material handling conveyor systems and has been a leader in bulk material handling since its founding in 1959. As a manufacturer of many key conveyor components and systems, CGMH is a trusted partner in the conveying industry. With a strong engineering team, CGMH ushers development of widely recognized premium products which it believes delivers superior value relative to its competition serving the leading customers in resilient and emerging end markets, including aggregates, copper, steel, coal, potash, salt, agriculture, transportation, and industrial. CGMH was acquired by Stellex in a carve-out transaction from Komatsu Mining Corp ("Komatsu") in 2021. Stellex partnered with Rich Meacci (Co-President & CFO) and Mark Rodgers (Co-President & CO
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