NEW YORK, April 1, 2021-- Stellex Capital Management (“Stellex”), a middle-market private equity firm, announced today the completion of its acquisition of the US- and Australia-based conveying business units (the “Company”) from Komatsu Mining Corp. (“Komatsu”) by certain of its affiliates. The financial terms of the transaction were not disclosed. The Company is a leading designer and manufacturer of material handling conveyor systems and components used in a variety of end markets, including mining and minerals, industrial processing, and aggregates. The acquisition included the stock of Joy Global Conveyors Inc. and the assets of Komatsu’s Australia-based conveying business.