Joy Global Inc., a Miwaukee-based manufacturer of mining equipment and supplier of aftermarket services, has acquired China’s Wuxi Shengda through its own wholly owned subsidiary, China Mining Machinery. The purchase price is $22 million.
Wuxi Shengda produces long-wall shearing machines, and Joy Global indicates it will be a foothold in the Chinese market for it to supply the domestic and regional mining industry.
Joy Global manufactures and supplies surface-mining equipment through its P&H Mining Equipment division, and the underground mining market through the Joy Mining Machinery division. It also manufactures and supplies equipment for bulk material-conveyor systems, through its Continental Crushing & Conveying division.