M&S Release
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June 6, 2024
Precision Pulley & Idler Enters into Agreement to Acquire Continental Global Material Handling
Pella, IA, June 6, 2024 – Precision Pulley & Idler (“PPI”) is excited to announce it has agreed to acquire Continental Global Material Handling (“CGMH” or “Continental”), a portfolio company of Stellex Capital Management. Continental, based in Winfield, Alabama, has been a leader in bulk material handling for decades. The transaction is expected to close in the coming days.