HANOVER, Germany—Conveyor belts for the mining industry produced by Veyance Technologies Inc. are to be sold under the Phoenix brand name, a ContiTech A.G. spokesman said.
Parent group Continental A.G. bought U.S.-based Veyance Technologies from Carlyle Group for about $1.58 billion in January. It has since been working to integrate the acquired company into the ContiTech business.
Phoenix Conveyor Belt Systems has been part of ContiTech since its acquisition by the German group in 2005.
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