Joy Global is officially no more. As of April 19, the company will now be known as Komatsu Mining Corp.
A ribbon was cut on the newly branded company on May 8 at its American headquarters in Milwaukee, WI.
The company said the change of name “is designed to clarify its position in the Komatsu Group.”
Komatsu Ltd. acquired Joy Global for US$2.89 billion in July 2016.
Joy Global, which has a location in Lively, just outside of Sudbury, was formerly Mining Technologies International, which Joy Global acquired in 2014 for $51 million.
Komatsu is the world’s second-largest manufacturer of mining and construction equipment, following Caterpillar Inc. Until the acquisition of Joy Global, its focus has been on surface mining equipment.
Joy Global manufactures and services advanced original equipment and parts for underground and surface mining applications, as well as material handling systems and components for a variety of applications, products that complement existing Komatsu products, Komatsu said in the release.
