Precision Pulley & Idler (PPI) announced it has agreed to acquire Continental Global Material Handling from Stellex Capital Management. Continental, based in Winfield, Alabama, has been a leader in bulk material handling for decades. The transaction is expected to close quickly.
“Continental has earned its position as one of the most well-respected brands in the industry. We couldn’t be more excited to welcome the Continental management team and employees into our growing company,” said Matt Buckingham, president and CEO of PPI. “We believe the two businesses are stronger together than apart. The combination of PPI and Continental’s complementary product lines will allow us to enhance our offerings to the mines, backed by our combined conveying expertise, quality products, and industry-leading customer service.”
Like PPI, Continental has a strong reputation of providing quality products, exceptional customer service, and conveying expertise, Buckingham explained.
